Chinese self-driving chip startup secures investment from Bosch · TechNode

Chinese self-driving chip startup secures investment from Bosch · TechNode

Boyuan Capital, an investment arm of German car supplier Bosch, has invested an undisclosed sum into Chinese semiconductor startup Black Sesame, making its first bet on artificial intelligence chips for self-driving vehicles in China. The chipmaker, already backed by Xiaomi, closed multiple rounds of funding with a post-money valuation of nearly $2 billion last year, according to a statement published on Wednesday. The world’s largest automotive supplier, Bosch has backed several Chinese startups including self-driving car brand Momenta and lidar developer Hesai. [Black Sesame press release, in Chinese]



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