News Snapshot:
May 12, 2021 Just four months after it secured $ 310 million in B Series financing, Chinese self-driving company WeRide says it has achieved the C Series financing round that raised its post-money valuation to $ 3 billion. This is the first time the company has disclosed its value. The company did not share the amount it collected from this tour, and only indicated that it is “hundreds of millions,” according to a statement issued by the company. WeRide intends to use this funding round to invest in research, development and marketing as it works on the next generation of...
