[ Hesai raises $15.93M in Series A ]

Hesai has raised $15.93 million in Series A funding.

Founded in 2013, Hesai is a Shanghai-based company that develops smart sensing technology solutions. It develops Light Detection and Ranging (LiDAR) technology used for autonomous driving, drone-mounted natural gas surveillance systems, laser-based remote methane leak detectors and spherical robotic remote methane detection systems.

The company plans to use the latest proceeds to accelerate the mass production of Pandar 40, as well as to develop a new generation product named Pandar GT with greater reliability and lower cost.

Funding  Series A
Founded  2013
Country  Cina
City  Shanghai
Founder / CEO  Yifan Li
Deal Size  $15.93M
Investors  Lighthouse Capital Mangement
 Jiangmen Venture Capital
 Grains Valley Venture Capital
 Pagoda Investment
Previous Investors  /