NEA, Chinese funds invest $50m in US autonomous driving tech startup

NEA, Chinese funds invest $50m in US autonomous driving tech startup

Founder and President of Drive.ai Carol Reiley (R) speaks to Ross Anderson of The Atlantic at the "What's Next?" conference in Chicago, Illinois, U.S., October 4, 2016. REUTERS/Jim Young

Self-driving startup Drive.ai said on Tuesday it raised $50 million in a second round of funding as the Silicon Valley company prepared to deploy its technology in pilot vehicles later this year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter