Legend, Morningside saddle up for $112m driverless tech investment

Promising China-US startup Pony.ai lures the "godfather" of Chinese tech and a venture capital pioneer, as well as new backing from its seed round backers.

Legend, Morningside saddle up for $112m driverless tech investment

Pony.ai, an autonomous driving tech start-up that is barely a year old, announced a new $112 million investment round on Tuesday.

Co-leading the round are Legend Capital, one of three investment funds part-owned by Chinese tycoon Liu Chuanzhi’s Legend Holdings, and Morningside Venture Capital, one of China’s pioneering early-stage venture investors.

The interest from investors like Liu, best known as the founder of Lenovo and dubbed the godfather of China's...

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