Black Sesame Technologies, also known as BST.AI, is a high-tech company committed to research and development of autonomous driving computing chips and platforms. On Wednesday, it announced to have completed two rounds of financing, namely, the strategic round and the C round of financing.
BST.AI says it is now valued at nearly US $2 billion after the strategic round and C round, and now has officially become a “unicorn”.
The two rounds of financing are for R&D, recruitment, market expansion, and the commercialization of its next-generation, high-performance, computer-led automatic driving platform.
Reports suggest that the investors in the strategic round were Hubei Xiaomi
The C Round was also led by Hubei Xiaomi
The company was founded in 2016 and completed a round of financing from Northern Light Venture Capital in the same year. Later, in 2018, the company completed another round of financing, this time an A+ round worth nearly 100 million yuan ($15.464 million).
In August 2019, BST.AI released its first car-gauge intelligent driving chip HuaShan-1 A500 in China, which can deliver 0-10 TOPS/s.
Less than a year later, the company unveiled its second-generation chip HuaShan-1 A1000, with a higher amount of computing power at 116 TOPS/s. This is China’s first chip that can support L2+ automatic driving.
This latest round of financing marks Xiaomi
On March 30 this year, Xiaomi