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

Nov 20, 2021•almost 4 years ago

Amount Raised

$70 Million

Round Type

series d

Shanghai

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.

Company Information

Company

Xiaomi

Location

Shanghai, Shanghai, 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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