Chinese auto tech startup Minieye announced Monday that it has raised RMB 800 million ($120 million) in Series D. The round was led by Chinese-French private equity house Cathay Capital, venture capital firm CICC Alpha and state-owned automaker Dongfeng Asset Management. The Shenzhen-headquartered company develops advanced driver-assistance systems that can control, navigate and drive vehicles for human drivers. Other investors include Nio Capital, asset management firm Harvest Investments, and Vision Plus Capital, a venture capital firm formed by Alibaba co-founder Eddie Wu. [Minieye, in Chinese]
