Self-driving startup Pony.ai valued at $8.5b after first tranche of Series D funding

Self-driving startup Pony.ai valued at $8.5b after first tranche of Series D funding

Source: Pony.ai

Self-driving tech company Pony.ai, backed by Toyota Motor Corp, has raised the first tranche of its Series D round of financing to reach a valuation of $8.5 billion, the startup announced on Monday.