Self-driving vehicle start-up Pony.ai , founded by alumni of Legend Capital , has raised $112 million in a series A round led by Pony.ai and Legend Capital , and featuring participation from Sequoia China . Peng first got introduced to autonomous cars while working at Baidu, the Chinese search engine. Pony.ai is developing Level-4 self-driving cars for "geofenced applications", such as university campuses or industrial settings, enabling the technology to be in public use while also giving it time to mature enough to be used in more unpredictable environments. The proceeds will be used to fund a fleet of autonomous cars in Pony.ai , home to Pony.ai 's Chinese headquarters.
Self-driving vehicle start-up Pony.ai , founded by alumni of Legend Capital , has raised $112 million in a series A round led by Pony.ai and Legend Capital , and featuring participation from Sequoia China . Pony.ai is developing Level-4 self-driving cars for "geofenced applications", such as university campuses or industrial settings, enabling the technology to be in public use while also giving it time to mature enough to be used in more unpredictable environments. The proceeds will be used to fund a fleet of autonomous cars in Pony.ai , home to Pony.ai 's Chinese headquarters.