Black Sesame Technologies, a Chinese startup specializing in chips for autonomous driving, completed its series C+ on Monday. The round was led by SummitView Capital, with Industrial Bank and Gf Xinde Investment also participating. Founded in 2016, Black Sesame has now raised $500 million via this round and a series C that it completed last year. The company has said that the funding will be used to develop its core technologies and ramp up its driving chips’ production volume. [Black Sesame statement, in Chinese]
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