BEIJING -- Beijing Sinoits Tech, a Chinese tech startup that develops vehicle recognition technology, has raised tens of millions of yuan ($3 million to $5 million) in a pre-Series A funding round, 36Kr has learned.
The funding was led by Seashell Capital and the co-investor was Qualcomm Ventures, a subsidiary of U.S. chipmaker Qualcomm. The money raised will be spent on product development, personnel recruitment, market cultivation and commercialization.
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