Innovusion Raises $66 Million In Series B Plus Financing To Accelerate The Global Adoption Of Autonomous Transportation
Innovusion Raises $66 Million In Series B Plus Financing To Accelerate The Global Adoption Of Autonomous Transportation
08/13/21, 9:04 AM
Location
sunnyvaleMoney raised
$66 million
Round Type
series b
Innovusion, a global leader in the design and development of image-grade LiDAR (Light Detection and Ranging) technology, has successfully raised $66 million USD in Series B Plus financing. The round was led by Guotai Junan International Private Equity Fund (GTJAI) with participation from Shunwei Capital. Existing investors Nio Capital, F-Prime Capital, Eight Roads Ventures, and Temasek also participated in the round.
Company Info
Location
sunnyvale, california, united states
Additional Info
Innovusion was founded in 2016 and has core development teams in Sunnyvale, California and Suzhou, China. It is the world’s leader in image-quality, long-range LiDAR (Light Detection and Ranging) sensor systems for autonomous driving markets. It successfully concluded its $64 million Series B round in April 2021 funded by Temasek, BAI Capital, and Joy Capital with participation from existing investors NIO Capital, Eight Roads Ventures, and F-Prime Capital. Please visit us on the web at www.innovusion.com.