SummitView Capital led a $500m Series C funding round in Black Sesame Technologies.

SummitView Capital led a $500m Series C funding round in Black Sesame Technologies, with participation from China Industrial Bank, GF Xinde Investment Management, Xin Ding Capital, Hina Group and Yangtze River Investment. “SummitView Capital has been focusing on professional investment in key and core technology and semiconductors. We believe that professionalism makes an industry. Nowadays, chip arithmetic power has become an important part of the competition in the automotive industry. We are very pleased to see that Black Sesame’s self-researched Huashan II A1000 series large arithmetic chip is already in mass production and used in cars. This is of great significance to consolidate the local industry chain and supply chain of autonomous driving,” Wu Ping, SummitView Capital Founding Partner.