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Xiaomi Injects $70M More Into Chinese Lidar Sensor Developer Hesai’S Series D Round

Xiaomi Injects $70M More Into Chinese Lidar Sensor Developer Hesai’S Series D Round

11/20/21, 2:50 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CN.svgshanghai
Money raised
$70 million
Round Type
series d
Hesai Technology, a Shanghai-based startup that develops lidar sensors for autonomous driving and other robotics applications, has raised an additional $70 million in its Series D round to bring the total capital raised at this funding stage to over $370 million.

Company Info

Company
Xiaomi
Location
shanghai, shanghai, china
Additional Info
The firm in August launched its latest product AT128, an auto-grade hybrid solid-state lidar for ADAS. The firm posted revenues of 253.2 million yuan ($39.6 million) in the first nine months of 2020.