Automotive industry-focused software firm NeuSAR bags $101m led by CMG-SDIC

Automotive industry-focused software firm NeuSAR bags $101m led by CMG-SDIC

Photo: Reuters

NeuSAR, a unit of the Chinese software major Neusoft Corporation, announced on Monday that it has closed its maiden round of financing, raising 650 million yuan ($101 million).

State-backed CMG-SDIC Capital led the round with participation from automotive industry-focused Virtue Capital.

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