Autonomous driving technology developer MaxiEye bagged nearly $50m in a Desay-led round while software testing technology producer Mabl raised $40m from investors including GV and Presidio Ventures.

Funding

Automotive electronics producer Desay has led a RMB300m ($49.5m) series B round for China-based automated driving system developer MaxiEye, DealStreetAsia reported today. State-owned media company People’s Daily, Yonghua Capital and Shanghai FTZ Fund also participated in the round, which came in the wake of a $23m series A-plus round in May this year led by Fosun Capital, a subsidiary of conglomerate Fosun, that included Tsinghua Research Capital, Sharewin Investment, ZJ Innopark and undisclosed other participants.

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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