"Yuntong Shuda" has secured 40 million RMB in Series B financing, further focusing on the new track of AI-powered traffic signal control.

Recently, Yuntong Shuda, an AI smart transportation enterprise, has completed 40 million yuan in Series B financing. This round of financing has new shareholders including Wenzhou Bay Investment, Jinchang Investment and Haina Huiju participating in the investment, while existing shareholders such as Daily Interactive and Huadan Capital continue to increase their investment. The raised funds will be used for the iteration of digital intelligent green wave and vehicle-road-cloud integrated products, promote the implementation of AI traffic control intelligent agent scenarios, and accelerate technological iteration and overseas market expansion. At present, the digital intelligent green wave system has been deployed in nearly 40 urban areas across China, covering nearly 900 green wave roads. Meanwhile, the business is actively making layouts in the markets of Belt and Road countries.