What is Qcraft?
Qcraft is a technology firm established in 2019, with operations spanning Silicon Valley and China. The company specializes in building a comprehensive autonomous driving ecosystem, encompassing perception, planning, control, and automated data loops. Its product suite caters to a range of vehicles, from passenger cars to buses, offering solutions that span advanced driver assistance systems (ADAS) from L2+ to L4 levels of autonomy, as well as mass-production ready systems for automakers and mobility operators. The company's focus on a full-stack approach positions it as a key player in the rapidly evolving autonomous vehicle sector.
How much funding has Qcraft raised?
Qcraft has raised a total of $224M across 3 funding rounds:
Angel/Seed
$24M
Series A
$100M
Series D
$100M
Angel/Seed (2020): $24M with participation from Tide Capital, IDG Capital, and Vision+ Capital
Series A (2021): $100M led by Genesis Capital, Yunfeng Capital, Longzhu Capital, China International Capital, and IDG Capital
Series D (2026): $100M supported by Broad Vision Funds and Wonderland Capital
Key Investors in Qcraft
Broad Vision Funds
Broad Vision Funds is a venture capital and private equity firm based in China, likely focusing on technology investments within the automotive and mobility sectors.
Wonderland Capital
Wonderland Capital, headquartered in Beijing, China, is a venture capital firm that typically invests in high-growth technology companies, potentially including those in the autonomous driving space.
China International Capital
China International Capital Corporation (CICC) is a leading investment bank in China with a broad financial services framework, likely providing strategic capital and advisory services to Qcraft for its expansion and market penetration.
What's next for Qcraft?
The substantial enterprise-level funding and recent strategic investment indicate Qcraft's strong market position and growth potential. This capital infusion is expected to accelerate the company's research and development efforts, enhance its platform capabilities, and facilitate broader deployment of its autonomous driving solutions. Qcraft is likely to focus on forging strategic partnerships with automotive manufacturers and mobility providers to integrate its technology into next-generation vehicles, further solidifying its trajectory towards achieving widespread adoption of L4 autonomy and beyond.
See full Qcraft company page
