AutoX raises $100m from Dongfeng Motor and Alibaba
Tuesday, September 17, 2019
(Siliconrepublic by Kelly Earley) – Self-driving start-up AutoX announced that it had closed a $100m Series A funding round.
The funding round is reported to be one of the largest fundraisers for autonomous driving in China so far this year. Investment was led by Dongfeng Motor Corporation, the Chinese state-owned automaker, with participation from Alibaba and Silicon Valley’s Plug and Play China fund.
There was also participation from the Hong Kong Science and Technology Parks Corporation, a public company set up by the Hong Kong government in 2001.
Hong Kong-based AutoX was founded in 2016 by Jianxiong Xiao, a former Princeton professor who specialises in 3D deep learning, computer vision and robotics.
