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Pony.ai

Pony.ai

A company developing artificial intelligence-based technology designed for autonomous vehicles. It was founded in 2016 and is located in Fremont, California.

Pony.ai is a California-based robotics company that has the stated mission of building the safest and more reliable technology for autonomous vehicles. In 2018, the company had a soft launch involving vehicles using its technology that took place in Guangzhou. It also holds autonomous vehicle testing permits for California and Beijing.

Product

The company's software is called "PonyAlpha" and is designed to be used in vehicles. Technology that is used includes LIDAR, RADAR, and cameras and is designed to detect obstacles, such as pedestrians or traffic, within 200 meters of the vehicle.

The company has launched an autonomous vehicle taxi service in China and another one California called "BotRide". Users can download a mobile application for both Android and iOS systems and request to be picked up for a taxi service. An autonomous Hyundai KONA Electric SUV with the company's technology will then pick up the users. Pony.ai has also partnered with Toyota to utilize the technology for its vehicles.

Timeline

February 2021
Pony.ai raises a $100,000,000 series C round from 5Y Capital, Brunei Investment Agency, CITIC PE, ClearVue Partners, Eight Roads Ventures, Fidelity China Special Situations PLC and Ontario Teachers' Pension Plan.
November 9, 2020
Series C

Pony.ai raises $267 million in Series C funding round led by Ontario Teachers' Pension Plan, with participation from existing investors includes Fidelity China Special Situations, 5Y Capital, Clearvue Partners, FAW Group and Eight Roads Ventures.

November 2020
Pony.ai raises a $267,000,000 series C round from 5Y Capital, ClearVue Partners, Eight Roads Ventures, FAW Group, Fidelity China Special Situations PLC and Ontario Teachers' Pension Plan.
July 11, 2020
Pony.ai to test self-driving cars in Shanghai
April 16, 2020
Pony.ai has teamed up with e-commerce site Yamibuy to deliver packages and groceries in Irvine.
February 2020
Pony.ai raises a $462,000,000 series B round from Kunlun Capital, Sequoia Capital China and Toyota Motor.
April 2019
Pony.ai raises a $50,000,000 venture round from Kunlun Capital.
July 11, 2018
Pony.ai raises a $102,000,000 series A round from China Merchants Capital, ClearVue Partners, DCM Ventures, Delong Capital, Eight Roads Ventures, Green Pine Capital Partners, Hongtai Capital Holdings, Morningside Ventures, Redpoint China Ventures and Sequoia Capital China.
January 15, 2018
Pony.ai raises a $112,000,000 series A round from Morningside Venture Capital.
January 2018
Pony.ai raises a $112,000,000 series A round from Comcast Ventures, DCM Ventures, Hongtai Capital Holdings, IDG Capital Partners, Legend Capital, Legend Star, Morningside Venture Capital, Polaris Venture Capital, Puhua Capital and Silicon Valley Future Capital.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Autonomous driving is 'hard' when 'irrational' factors come into play, Pony.ai CEO says

Anmar Frangoul

Web

November 20, 2019

ON Semiconductor and Pony.ai Collaboration on Next-Gen Image Sensing and Processing Technologies for Autonomous Vehicles

Web

January 6, 2020

Plug and Play Summer Summit 2018: Pony.ai

June 18, 2018

Pony.ai's PonyPilot Demo

Web

April 19, 2019

References

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