The driver safety technology provider's series B round was led by Ping An Capital at a valuation of almost $1.56bn and also featured SK China.

Insurance group Ping An has led a series B round for China-based driving safety technology provider Soterea sized at over RMB1.3bn ($204m), DealStreetAsia reported today.

The round was led through corporate venturing unit Ping An Capital and included SK China, the local branch of South Korean conglomerate SK Group, as well as Harvest Capital Management and the state-owned Henan Investment Group.

Soterea has developed smart technologies intended to improve safety and computing processes in cars, such as an automated emergency…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.