Agricultural drone maker XAG raises US$182 million in funding round led by Baidu, SoftBank

//Agricultural drone maker XAG raises US$182 million in funding round led by Baidu, SoftBank

Agricultural drone maker XAG raises US$182 million in funding round led by Baidu, SoftBank

Agricultural drone maker XAG raised 1.2 billion yuan (US$181.6 million), the company announced on Monday, marking the largest funding round to date in China’s agricultural technology industry.Baidu Capital and SoftBank Vision Fund II led the investment round. Other investors included Kai-fu Lee’s Sinovation Ventures and two funds linked to the Guangzhou government. The company’s existing investors, Chengwei Capital and Mingtai Capital, also joined the round.XAG’s total valuation has not been…

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By | 2020-11-16T08:50:05+00:00 November 16th, 2020|Technology|Comments Off on Agricultural drone maker XAG raises US$182 million in funding round led by Baidu, SoftBank