LeddarTech, the Canadian developer of sensors and LiDAR distancing systems for ADAS and other mobile systems, raised $101 million in a Series C funding led by Osram with participation by Delphi, Magneti Marelli, Integrated Device Technology, Fonds de solidarité FTQ, BDC Capital and GO Capital. This round of funding will allow LeddarTech to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier-1 automotive customers for rapid market deployment. Innoviz Technologies, the Israeli solid-state LiDAR startup, raised $65 million in a Series B funding. Delphi Automotive PLC and Magna International participated in the round, along with additional new investors including 360 Capital Partners, Glory Ventures, Naver and others. All Series A investors also participated in the round.
Farmers Business Network, a San Carlos, Calif.-based farmer-to-farmer network raised $110 million in Series D funding. T. Rowe Price Associates Inc and Temasek led the round, and were joined by investors includingAcre Venture Partners, Kleiner Perkins Caufield & Byers, GV and DBL Partners. Ripcord, a Hayward, CA robotic digitization company, raised $59.5 million this year in a March Series A and Aug/Dec Series B equity funding led by GV and Icon Ventures with Lux Capital, Telstra Ventures, Silicon Valley Bank, Kleiner Perkins, Google and Baidu Ventures. Ripcord has developed and is providing as a service a digitization service using AI, scanning and robotics to go from cardboard storage boxes full of tagged manila folders, to scanable pdf files available through ERP and other office systems. JingChi, a Chinese-funded Beijing and Silicon Valley self-driving AI systems startup, raised $52 million (in September) in a seed round led by Qiming Venture Partners.
Mapbox, a Washington, DC and San Francisco provider of nav systems for car companies and others involved in autonomous vehicles, raised $164 million in a Series C round led by the SoftBank Vision Fund, with participation from existing investors including Foundry Group, DFJ Growth, DBL Partners, and Thrive Capital. "Location data is central and mission critical to the development of the world's most exciting technologies," said Rajeev Misra, who helps oversee SoftBank's Vision Fund. Element AI, a Canadian startup providing learning platform solutions for self-driving and advanced manufacturing, raised $135 CAD million (around $105 million) in a Series A round (in June) led by Data Collective, a SV-based venture capital firm, and included participation by Fidelity Investments Canada, National Bank of Canada, Intel Capital, and Real Ventures. Ninebot, the Chinese consumer products company that bought out Segway and raised $80 million in 2015, raised another $100 million in a Series C round from the SDIC Fund Management Co. and the China Mobile Fund. Horizon Robotics, another Chinese startup, raised $100 million in a Series A round led by Intel Capital with participation by Wu Capital, Morningside Venture Capital, Linear Venture, Hillhouse Capital and Harvest Investments.