Self-driving startup lands $112 mln

Fremont, California and China-based, a self-driving startup, has raised $112 million in Series A funding. Morningside Venture Capital and Legend Capital led the round with participation from other investors that included Sequoia China, IDG Capital, Hongtai Capital, Legend Star, Puhua Capital, Polaris Capital, DCM Ventures, Comcast Ventures and Silicon Valley Future Capital. Miracle Capital served as financial adviser on this transaction.

Source: Press Release