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China's Tsingtech Microvision raises $15m

Startup's intelligent driving system helps cut commercial vehicle accidents

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

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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