Sequoia China leads $148m Series A round for auto chip maker SiEngine

Sequoia Capital China has led a Series A funding round of close to 1 billion yuan ($148.2 million) for auto tech startup SiEngine Technology, per an announcement.

The fresh capital will allow SiEngine to invest in the delivery of its existing products at scale as well as the next-phase R&D of auto-grade chips with high computing power, investment bank Index Capital, the exclusive financial adviser to the deal, posted on its WeChat official account on Tuesday.

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