China's Tsingtech Microvision raises $15m

Startup's intelligent driving system helps cut commercial vehicle accidents

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Tsingtech Microvision's system has the ability to predict pedestrian behavior and identify multiple objects simultaneously. (Photo courtesy of Tsingtech Microvision)

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BEIJING -- Chinese startup Tsingtech Microvision has raised about 100 million yuan ($15 million) in a Series B+ round from investors including Chuanggu Capital, Liuzhou Liudong Guidance Fund and Suzhou Wujiang Orient State-Owned Capital.

The company plans to use the funds to expand research and development, and insurance services targeting commercial vehicles.

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