Black Sesame Technologies bags over $500 million in C, C+ rounds

Beijing (Gasgoo)- Chinese autonomous driving computing chip supplier Black Sesame Technologies announced the completion of its C+ funding round on August 8th.

Photo credit: Black Sesame Technologies

The round was led by Summitview Capital and followed by several other major investment firms such as China’s Industrial Bank, GF Xinde Investment, Hina Group, and Xin Ding Capital. Upon completion of the C+ round, Black Sesame Technologies has raised over $500 million in the C and C+ rounds combined.  

The chip developer said that it would use the proceeds in elevating the R&D of its core technologies and chip products, strengthening commercialization capabilities, as well as accelerating mass production of its autonomous driving chips.  

Black Sesame Technologies has established a comprehensive product matrix including proprietary auto-grade image processing ISP and deep neural network accelerator NPU, Huashan series autonomous driving computing chips, Shanhai AI R&D platform, Hanhai autonomous driving middleware, algorithm, and Data Best closed-loop data solution, full-stack autonomous driving solutions, serving automakers in every step of the way to realize commercial application.

In May this year, the company reached a platform-level strategic cooperation with JAC Group, implementing its Huashan-2 A1000 chips onto the automaker's multiple Sehol-branded production models. More models equipped with the chips will be released in succession.