A Xiaomi industrial fund was among the investors in series B and B-plus rounds for the smart manufacturing technology provider that totalled an eight-digit dollar amount.
China-based automation technology provider TZAuto has secured tens of millions of dollars from investors including an industrial fund owned by consumer electronics producer Xiaomi, DealStreetAsia reported on Friday.
The funding was raised across series B and B-plus rounds that also included Yuantou Capital, Haitong and Anxin Capital, all of which were billed as existing backers.
The series B-plus round additionally featured Oriza Holdings, which invested through its Oriza Hua and Oriza Rivertown funds, as well as Triniti Capital, Redstone Capital,…
