HoloMatic, which offers full-stack autonomous driving R&D capabilities in China, has notched “several hundreds of millions” in yuan in a Series C2 round led by the Chinese state-owned automaker Guangzhou Automobile Group’s investment arm GAC Capital.
The round, participated by Chaos Investment and Guangzhou Zhidou Investment Holding Group, will help the Beijing-based firm to further its R&D in autonomous driving. So far, the firm claims to have snapped up a total of $100 million in different tranches of its Series C funding round.