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Pony.Ai Announces First Close Of Series D Financing Round, With A Valuation Of $8.5 Billion

PUBLIC · PONYMar 07, 2022

Round Type

Series D

Guangzhou CitySoftwareArtificial IntelligenceTransportation

Description

Pony.ai, a leading global autonomous driving technology company, announced that it has completed its first close of its Series D financing. The Series D round, which has a significant valuation uplift from the 2020 “C” and “C+” rounds, is a recognition by investors of Pony.ai’s achieved technical milestones and significant progress toward a commercialized robotaxi and robotruck product. The proceeds from the funding will be used to further augment Pony.ai’s hiring, investment in research and development, global testing of robotaxi and robotrucking on an ever-growing fleet, enter into important strategic partnerships, and accelerate our development toward mass production and mass commercial deployment.

Quick answer

Pony AI raised an undisclosed amount in a Series D round, dated March 7, 2022. Pony AI is based in Guangzhou City, Guangdong, China.

How much did Pony AI raise?
Pony AI raised an undisclosed amount in a Series D round on March 7, 2022.
What does Pony AI do?
Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility.
Where is Pony AI based and how big is it?
Pony AI is based in Guangzhou City, Guangdong, China. Fundz records about 1,500 employees.
Who are the decision-makers at Pony AI?
Fundz holds 3 contacts at Pony AI, including the VP of Strategy and Business Development. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Software around the same time

Companies in the same sectors as Pony AI that raised within 45 days of this round, from Fundz verified event records.

  • Autobrains raised $19M (Series C) on March 10, 2022.
  • Crusoe raised $505M (Funding Round) on April 21, 2022.
  • Prezent raised $20M (Funding Round) on April 20, 2022.
  • d-Matrix raised $44M (Funding Round) on April 20, 2022.
  • Snowflake raised $621M on April 20, 2022.
  • Expertia AI raised $1.2M (Seed) on April 18, 2022.

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Company Information

Company

Pony AI

Location

Guangzhou City, Guangdong, China

About

Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Founded in 2016, the company develops a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across various transportation use cases. Pony.ai leverages its vehicle-agnostic Virtual Driver technology which integrates software, hardware, and services. The company has expanded its presence across China, Europe, East Asia, the Middle East, and other regions.

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3 contacts
Verified contactsAnn S., VP of Strategy and Business Development hidden hiddenSee plans and pricing
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Pony AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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