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Latest to the investment boom is Hesai, a Shanghai-based lidar maker founded in 2014 with an office in Palo Alto. The company just raised over $300 million in a Series D funding round led by GL Ventures, the venture capital arm of storied private equity firm Hillhouse Capital, smartphone maker Xiaomi, on-demand services giant M salomon xa pro eituan and CPE, the private equity platform of Citic.Hesai said the speedcross 6 new proceeds will be spent on mass-producing its hybrid solid-state lidar for its OEM customers, the construction of its smart salomon gtx manufacturing center, and research and development on automotive-grade lidar chips. The company said it has accumulated & 8220 everal hundred million dollars in funding to date.Other participants in the round included Huatai International Private Equity Fund, the USD investment arm of Huatai Securities, Lightspeed China Partners and Lightspeed Venture Capital, as well as Qiming Venture Partners. Bosch, Baidu and ON Semiconductor are also among its shareholders.Ano