Automated driving software developer Jimu Intelligent raised over $31m from investors including UMC Capital and Avic Pingshan while Lockheed Martin took part in gyroscope technology developer Anello's $28m round.


China-based autonomous driving technology developer Jimu Intelligent secured RMB200m ($31.3m) yesterday in a series C1 round featuring UMC Capital, the investment arm of chipmaker UMC, and Avic Pingshan, a subsidiary of aerospace and defence conglomerate China Aviation Industry Corporation. The round was co-led by Forebright Capital and SDIC Unity Capital and included MY Tsinghua Capital, Founder Securities’ Founder H Fund and unnamed others. Jimu has now raised over $51m to date, $14.8m coming in an early 2019 series…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.