MINIEYE, a Chinese company concentrating on developing sensing system of autonomous driving, recently announced the completion of its Series B financing and received hundreds of millions of credit lines. This series of financing was strategically led by NavInfo fund and co-invested by Zhejiang Zheshang capital while original investors continued to increase their holdings. In the latest six months, MINIEYE raised $20 million in total, which will be used to further boost MINIEYE’s leading advantage in the industry, increase the market share and maintain a steady cash flow during business expansion. Meanwhile, the funding will help MINIEYE to focus on the research of L2+ autonomous driving products and speed up their mass production.