Bosch, SAIC Motor and Toyota were among the investors that co-led a series C round for the driverless software provider that included Mercedes-Benz and Tencent.
China-based autonomous driving technology developer Momenta.ai raised $500m today in a series C round co-led by industrial technology and appliance producer Bosch and automotive manufacturers SAIC Motor and Toyota.
Singaporean government-backed Temasek and Yunfeng Capital, a private equity firm formed by e-commerce group Alibaba co-founder Jack Ma, also co-led the round, which included carmaker Mercedes-Benz, internet group Tencent, Cathay Capital, GGV Capital and Shunwei Capital.
Momenta is developing a data analytics and deep learning-equipped software tool designed to help driverless…
