Nullmax Secures $110 Million in Series B Financing

Nullmax, a leading AI technology company in the autonomous driving industry, announced the successful completion of its Series B financing round, securing approximately $110 million.

This financing round was exclusively led by Shanghai Stonehill Technology Co., Ltd. (Shanghai Stonehill), with additional investments from existing shareholder Stonehill Technology Limited and other strategic investors.

With the infusion of new capital, Nullmax is poised to expand its team and enhance its delivery capabilities. Also, this new funding will enable Nullmax to accelerate its R&D efforts, particularly in the areas of machine learning and vision perception. These advancements are critical to supporting the development of new products, businesses, and market expansions.

About the Company

Founded in 2016 in Silicon Valley, Nullmax is an AI technology firm specializing in the autonomous driving industry. Nullmax has established collaborations with global OEMs and Tier 1 suppliers.

As an industry leader, Nullmax persists in the autonomous driving approach of MLF (Machine Learning First). We have developed a platform-based software system which contains vehicle applications and cloud software for autonomous driving.

Nullmax's driving-parking integration solutions are well recognized in the industry and have been implemented in numerous mass-produced vehicle models.