China VCs back local automotive chip developer
SiEngine Technology, a China-based developer of chips for smart cars, has raised CNY 500m (USD 73m) in an extended Series A round featuring several local VC firms.
Teda Venture Capital, Haier Capital, SPDB International Investment, Wuhan Innovation Investment Group, and Tongxi Capital came in as new investors. Existing backers Shanghai Guosheng Group, Yuexiu Industrial...
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