Xiaomi-Backed Black Sesame Raises Usd500 Million, Valuing Chipmaker At Usd2 Billion
08/08/22, 10:39 AM
Money raised
$500 million
Black Sesame Technologies, a Xiaomi-backed maker of autonomous driving chips, has completed its Series C and C+ funding rounds in less than a year, raising over USD500 million in total.
Company Info
Additional Info
The Series C+ round was led by SummitView Capital and followed by institutions including Fujian-based Industrial Bank and GF Xinde Investment, a private equity fund of Guangzhou-based GF Securities, the Shanghai-headquartered company said in a statement on its WeChat account today. In May, the company partnered with Hefei-based carmaker JAC Motors to equip the latter's vehicles with Black Sesame's Huashan-2 A1000 chips. The firm has a research and development center in Shanghai and offices in Chengdu, Shenzhen, Wuhan, and Singapore, according to its website.