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

Nov 20, 2021
BeijingHardwareInternet ServicesTransportation

Description

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.

Quick answer

Xiaomi raised an undisclosed amount in a funding round, dated November 20, 2021. Xiaomi is based in Beijing, Beijing, China.

How much did Xiaomi raise?
Xiaomi raised an undisclosed amount in a funding round on November 20, 2021.
What does Xiaomi do?
The firm in August launched its latest product AT128, an auto-grade hybrid solid-state lidar for ADAS.
Where is Xiaomi based and how big is it?
Xiaomi is based in Beijing, Beijing, China. Fundz records about 57,000 employees.

Source: Fundz verified event record.

Who else raised in Hardware and Internet Services around the same time

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

  • Cosmic Guild raised $1.5M (Seed) on December 23, 2021.
  • AUTO1 Group raised $750K (Seed) on December 7, 2021.
  • Pocket FM raised $22M (Series B) on December 6, 2021.
  • Gvtc raised $172K (Pre-Seed) on November 8, 2021.
  • Atmosphere raised $100M (Funding Round) on January 4, 2022.
  • Cyemptive Technologies, Inc. raised $1.1M (Seed) on January 4, 2022.

Who to call at Xiaomi, and when

A new round usually means Xiaomi is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Xiaomi

Location

Beijing, Beijing, China

About

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.

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Xiaomi 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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