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Momenta raises $46M Series B for its self-driving car software

Momenta raises M Series B for its self-driving car software



 Beijing-based Momenta announced this morning that it raised a $46 million Series B round led by NIO Capital, Sequoia Capital China and Hillhouse Capital. Momenta produces self-driving car software that applies deep learning to mapping, path planning and object recognition problems. Shunwei Capital, Sinovation Ventures, Unity Ventures and Daimler also participated in the round.
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Source: techCrunch

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