Didi Autonomous Driving to Pocket USD 300 million investment, raising potential Market Value higher than Pony.ai

Didi autonomous driving

Didi Autonomous Driving is to complete a USD 300 million new round of financing, with USD 200 million from the Guangzhou Automobile Group and its capital investment arm. Since Didi’s autonomous driving unit split from Didi Chuxing back in 2019, the company has raised a total of more than USD 1.1 billion. A person familiar with the matter said that after this round of financing, Didi’s self-driving valuation will exceed startup Pony.ai.

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SoftBank leads $15M round for China’s industrial robot maker Youibot

Youibot

SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the global investment behemoth.

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Asia: Becoming a powerhouse of Artificial Intelligence

Asian countries are set to become leaders in AI development and research There has been a rapid increase in the adoption and development of artificial intelligence across the globe. Business platforms are depending on AI for better growth, efficiency, and digital transformation. Cutting-edge technologies like 5G will escalate the use cases of AI across industries. According to McKinsey Global Survey 2020 […]

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China’s adaptive robot maker Flexiv raises over $100 million

As businesses around the world look to automate production lines and supply chains, companies making the robots are attracting great investor interest. The latest to get funded is Flexiv, which closed a Series B round north of $100 million from investors including China’s on-demand services giant Meituan.

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