China VC Weekly: Drugs, Semiconductors, and Self-driving Cars

In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, semiconductor upstart Southchip secured $46 million in its latest funding round, while autonomous driving startupQCraft secured backing from Meituan and $100 million in its latest inflow of funding from investors

Drug R&D company XtalPi raises$400 million

XtalPi, a company which has developed a software product that uses artificial intelligence to identify and model the most promising new drug compounds, secured a second round of financing this year.

https://pandaily.com/china-vc-weekly-drugs-semiconductors-and-self-driving-cars/