China’s Baidu Ventures Backs Self-Driving Car Sensors Start-Up Lunewave’s $5M Seed Funding


US-based Lunewave, a start-up building sensors for autonomous vehicles, has raised US$5 million in seed funding from several investors including China’s Baidu Ventures. The round was led by Fraser McCombs Capital (FMC), a Texas-based venture capital firm specializing in the automotive industry. Other strategic investors in this round include Baidu Ventures, BMW i Ventures, among others, according to company’s statement. Founded in 2017, Lunewave is a technology company invented by graduates from the University of Arizona. The company produces specialized Luneburg lens antennae …

China’s Baidu Ventures Backs Self-Driving Car Sensors Start-Up Lunewave’s $5M Seed Funding appeared first on China Money Network.


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