Alibaba led a $300m Series B funding round in DeepRoute.ai.

Alibaba led a $300m Series B funding round in DeepRoute.ai, a global level 4 self-driving solution provider. Additional investors include Jeneration Capital, Fosun RZ Capital, Glory Ventures and Yunqi Partners. “The self-driving technology market is highly competitive and features many exciting innovations. We believe DeepRoute.ai’s engineering team and proven record of success to date will enable it to continue to be a leading innovator, empowering more businesses and services in a variety of industries,” Jason Tan, Jeneration Capital Partner and CIO.