Arcellx Raises $115M in Series C Financing
23 Apr, 2021
– Momenta, a Chinese autonomous driving startup, raised $500m funding.
– The round was led by SAIC Motor, Toyota and Bosch.
– Other participants included Mercedes-Benz AG, Xiaomi founder Lei Jun’s Shunwei Capital, Tencent, Cathay Capital and a few undisclosed institutions.
– It’s rare to see Tencent and Alibaba (or their affiliates) co-invest.