Qualcomm Ventures led the Xiamen C&D-backed autonomous driving technology developer's $14.5m series C-plus round, investing alongside existing backer Legend Capital.
Qualcomm Ventures, the corporate venturing arm of mobile chipmaker Qualcomm, has led a RMB100m ($14.5m) series C-plus round for China-based self-driving technology producer Zongmu Technology.
Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, also took part in the round, as did VC firm Jungle Ventures.
Founded in 2013, Zongmu is developing tools for use in advanced driver assistance systems (ADAS), such as 2D and 3D panoramic vision, autonomous parking and driving recording technology.
The capital will support…
