Pony.ai

Pony.ai, an autonomous driving startup based in China and Silicon Valley, has raised a $100 million extension to its last funding round. Pony.ai, founded in 2016, makes an autonomous driving system called PonyAlpha aimed at facilitating driverless operations. The company is now valued at $5.3 billion, up from $3 billion in February 2020. IDG Capital was a seed investor in Pony.ai and also joined a $112 million Series A funding round in 2018.