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Momenta

Momenta

Momenta is a Beijing-based company focusing on autonomous driving.

Momenta is a Beijing-based company specializing in deep-learning based software for autonomous driving. The software loosely resembles how the brain functions, and is based on perception, HD semantic mapping, and data-driven path planning. It was founded in April, 2016 by Xudong Cao, a former scientist at Microsoft.

Timeline

March 2021
Momenta raises a $500,000,000 corporate funding round from Bosch, Cathay Capital, Daimler AG, Mercedes-Benz, SAIC Motor, Shunwei Capital, Temasek Holdings, Tencent, Toyota and YF Capital.
October 18, 2018
Momenta raises a $120,000,000 series C round from CCB International, China Merchants Group, NIO Capital, Pagoda Investment and Tencent.
February 9, 2018
Momenta raises a $21,000,000 series B round from GGV Capital.
October 17, 2017
Momenta raises a $11,000,000 series B round from GGV Capital.
July 25, 2017
Momenta raises a $46,000,000 series B round from Cathay Innovation, Daimler AG, NIO Capital, Shunwei Capital and Sinovation Ventures.
November 14, 2016
Momenta raises a $5,000,000 series A round from Sinovation Ventures and ZhenFund.
August 16, 2016
Momenta raises a $155,000 series A round from ZhenFund.

Funding rounds

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Rita Liao
May 13, 2021
TechCrunch
As the autonomous vehicle industry in the United States marches towards consolidation, a funding spree continues to exhilarate China's robotaxi industry. Momenta, Pony.ai, WeRide, and Didi's autonomous vehicle arm have all raised hundreds of millions of dollars over the past year. 21-year-old search engine giant Baidu competes alongside the startups with a $1.5 billion fund [...]
Kirsten Korosec
March 22, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hi friends and new readers, welcome to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point [...]
Reuters
March 19, 2021
DealStreetAsia
Bosch, Daimler, Temasek, Yunfeng Capital, and Tencent also participated.
Rita Liao
March 19, 2021
TechCrunch
Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses the headquarters of the five-year-old Chinese autonomous driving startup, Momenta. Like other major Chinese cities, Suzhou, which is famous for its serene canals and classical [...]

References

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