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China s autonomous driving startup Freetech raises over $100m in Series A round

China’s autonomous driving startup Freetech raises over $100m in Series A round Photo: AEye. Premium Freetech, a provider of intelligent driving solutions and products, has raised over $100 million in its Series A round led by state-backed China Internet Investment Fund (CIIF), per an announcement.  Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month.

China Tech Digest: Tencent Invested In A Game Company Every 7 Days; Autonomous Driving Company Freetech Raises US$100 Million

China Tech Digest: Tencent Invested In A Game Company Every 7 Days; Autonomous Driving Company Freetech Raises US$100 Million
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Startup Funding: April 2021

Startup Funding: April 2021 April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B. Semi & design Guosheng Capital, Haier Financial, and W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this year.

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