According to its press release, Chinese autonomous driving startup Momenta has officially achieved unicorn status.

As our sister site reported, the software provider accumulated $200 million in funding after its latest round of financing, featuring strategic investors like Tencent as well as state-backed China Merchants Venture, CCB International, and government funds based in Shanghai and Suzhou.

In the latest round, shareholders Pagoda Investment and NIO Capital also added to their existing investments.

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Bailey Hu

Bailey Hu is based in China’s hardware capital, Shenzhen. Her interests include local maker culture, grassroots innovation and how tech shapes society, as well as vice versa.