HONG KONG -- Black Sesame Technologies, a Chinese developer of artificial intelligence-based self-driving computing chips, says it is close to a valuation of nearly $2 billion after raising "hundreds of millions of U.S. dollars" from investors, including Xiaomi's industry investment fund.
Shanghai-based Black Sesame raked in the new capital through a strategic investment and two Series C tranches of capital injection, the firm announced on Wednesday.
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