Chinese startup Beijing Sinoits Tech, which develops vehicle recognition technology, has reportedly raised between $3m and $5m through a pre-Series A funding round.

The funding was led by investment firm Seashell Capital, with Qualcomm Ventures as co-investor.

Beijing Sinoits Tech plans to use the proceeds on product development, hiring personnel and commercialising its products, reported Nikkei Asia.

Founded in 2010, the company provides technologies to help with monitoring vehicles and traffic conditions on roads, as well as traffic video analysis and big data.

Its vehicle detection systems and big-data analysis systems are used in around 20 cities in China.

Beijing Sinoits Tech uses artificial intelligence and is working to commercialise new infrastructure, including smart roads using 5G.

The firm’s traffic accident analysis technology and services are currently being installed in highway networks across China.

It works closely with research institutes to provide visual fusion sensing systems to vendors selling vehicle-to-everything (V2X) solutions.

V2X communication technology, which supports road-vehicle coordination systems, is designed to combine four elements related to traffic, namely pedestrians, vehicles, roads and environmental factors.

The firm is currently planning to help develop V2X technology based on 5G, with a special focus on connected cars and infrastructure, including smart cities and smart roads.

In 2019, Taiwanese V2X firm Unex and autonomous traffic management provider NoTraffic partnered to integrate V2X with a smart traffic management platform.

NoTraffic’s AI and computing sensor-equipped platform was integrated with Unex’s SOM-301, which offers traffic optimisation and vehicle-to-infrastructure (V2I) communications.