The autonomous driving technology secured the funding
Automotive manufacturer General Motors (GM) agreed a $300m investment in Momenta, a China-based autonomous driving technology developer yesterday, just six months after the latter closed its its series C round.
Momenta has developed deep-learning software to analyse sensor data in cars in order to facilitate full autonomous driving capabilities, including comprehensive route planning and prediction.
The deal comes after GM announced in June this year it intends to invest $35bn in engineering and capital for electric and autonomous vehicles between…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
