Momenta, a Beijing-headquartered autonomous-driving software startup, is reportedly in talks to raise a new round that could value the company at about $6 billion, according to people familiar with the matter cited by CNBC. One source said the valuation may change as negotiations progress, and Momenta declined to comment; Bloomberg earlier reported a prospective valuation above $5 billion. The company develops ADAS software for automakers and counts Tencent, Temasek, SAIC Motor, Toyota, and Mercedes-Benz among its investors. It competes with chipmakers and autonomy players including Nvidia, Horizon Robotics, WeRide, and Pony.ai. [CNBC]
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