China-based automated driving technology developer CalmCar Vision System has secured RMB100m ($14.qm) in a series A2 round featuring SAIC Capital, the corporate venturing vehicle for carmaker SAIC Motor.
The corporate invested alongside Beijing Connected Vehicles Development Fund, a partnership managed by smart transit technology supplier China TransInfo Technology and venture capital firm GSR United Capital.
Founded in 2016, CalmCar manufactures deep learning-powered vision modules used for navigation purposes within advanced driver-assistance software, autopilot systems and self-driving vehicles.
BAIC Capital, a corporate venturing arm of automotive and machine manufacturing group Beijing Automotive Industry, provided an eight-digit renminbi amount for CalmCar in a 2018 series A1 round, according to China Money Network.
That followed a pre-series A sum also in the eight-figure renminbi range provided by telecoms firm China United Network Communications and Shenzhen Guozhong Venture Capital Management earlier in 2018, and an angel round of undisclosed size led by Delian Capital that was closed at an unspecified date.