The autonomous driving system developer is now valued at over $3bn, having secured $462m including $400m from strategic partner Toyota.
Automotive manufacturer Toyota Motor Corporation invested $400m in US-based autonomous driving software developer Pony.ai yesterday as part of a $462m round that valued it at slightly more than $3bn.
The company did not reveal the other participants in the round, which comes in the wake of approximately $464m in earlier funding.
Pony.ai has developed a software platform intended to form the basis for an autonomous taxi system and has been testing it through a pilot scheme in the Chinese city…
