China Digest: SemiDrive bags $73m; Qiming leads $51m funding in MEDx

Photo by Louis Reed on Unsplash

Nanjing SemiDrive Technology has completed a 500 million yuan ($73 million) Series A round led by CTC Capital, while Qiming Venture Partners has led a 350 million yuan ($51 million) Series B round in MEDx Translational Medicine.

SemiDrive raises $73m Series A

Automotive system-on-chip (SoC) products startup Nanjing SemiDrive Technology Co., Ltd said on Monday that it has completed a 500 million yuan ($73 million) Series A funding round led by CTC Capital, a semiconductor industry-focused firm that has invested in 180 players.

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