Momenta raises $46M Series B for its self-driving car software –

▤ Summary

Beijing-based Momenta announced this morning that it raised a $46 million Series B round led by NIO Capital. Momenta produces self-driving car software that applies deep learning to mapping, path planning and object recognition problems. And outside of other obvious differentiators like investment size and location, the deal is notable because it features German automaker Daimler AG. The automaker also participated in financing rounds for Matternet, an autonomous drone startup, and Starship Technologies, a company building self-driving, last-mile delivery robots. We’ve put a note into the Momenta team to see if they are willing to share what their plans are for the pile of cash they just got their hands on.

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