On April 17, Shanghai Pateo, a connected car company, received a B-round strategic investment from the Chinese technology company Xiaomi Group.
According to Leiphone.com, in this investment, Xiaomi invested in Pateo as a strategic investor. The investment amount and the specific share ratio have not been disclosed.
In the future, Pateo will cooperate with Xiaomi in all aspects of software, hardware, and voice multi-scenario interaction.
According to people familiar with the matter, Pateo and Xiaomi Group have had in-depth communication several times in the past few years.
Xiaomi Group launched the "mobile phone + AIoT" dual-engine strategy from 2019.
On the occasion of the tenth anniversary of its establishment in 2020, Xiaomi underwent a strategic upgrade, adding 5G + AIoT super Internet outlets.
At present, on Xiaomi's consumer-grade IoT platform, the number of IoT devices connected to the IoT platform has reached 235 million units excluding mobile phones and laptops.
In the field of smart life, Xiaomi actively carries out multi-scenario layout. In the future, its voice assistant "Xiao Ai" will also play an important role in the connected car scenario.
As the recipient of this round of financing, Pateo has developed a "1 + 1 + N" strategy in development.
The so-called "1 + 1 + N" refers to vehicle + mobile phone + N, N refers to various input and output devices, including smart homes such as headphones, watches, bracelets, TVs, and various IOT (Internet of Things, Internet of Things )device.
This coincides with Xiaomi's Internet of Things development strategy.
Pateo was founded in October 2009 and is headquartered in Shanghai. It is mainly engaged in the research and development, manufacturing and providing supporting services of intelligent vehicle information service systems.
As an independent third-party service provider, we are committed to building a cross-platform system with car life services as the core that integrates three parts: in-vehicle, Internet and mobile phones. Connected products or services.
Founded nearly 10 years ago, Pateo has invested more than one billion yuan in research and development and continues to invest at 28% of annual revenue. It has a full set of operating qualifications in the Chinese car networking market.
In the field of intelligent network patents, Pateo has ranked first for two consecutive years, with 104 of the top 500 nationwide.
Prior to this, Pateo also received Dongfeng Group's hundreds of millions of yuan in strategic financing, this time with Xiaomi's capital blessing, and future development also has room for further imagination.
