AImotive, a startup developer of autonomous vehicle technology, has closed its $38 million Series C funding round.
The funding round was led by B Capital Group and Prime Ventures, with participation from Cisco Investments, Samsung Catalyst Fund, and Series A and B investors Robert Bosch Venture Capital, Inventure, Draper Associates and Day One Capital.
AImotive will use this new round of funding to continue developing its proprietary autonomous driving technology, which relies primarily on affordable, off-the-shelf camera sensors and artificial intelligence-based vision processing. Continue reading AImotive raises $38 million funding for its autonomous driving technology
Samsung has created a $300 million fund to build on a number of earlier investments in auto-related startups and technologies.
Earlier this year, the electronics giant bought Harman, a premier supplier to original equipment manufacturers in the automotive sector.
The two companies have now jointly launched a new strategic initiative, focused on developing innovations for next-generation, smart, connected vehicles.
The main area of interest in autonomous driving, or advanced driver assistance systems, which are referred to in the auto trade as ADAS. Continue reading Samsung strengthens interest in autonomous driving with $300 million investment fund
AImotive – formerly known as AdasWorks – claims to be the first to enable an artificial intelligence ecosystem for autonomous driving regardless of location, driving style or driving conditions
AImotive has launched what it says is a “full stack technology solution and the most powerful artificial intelligence software” for the automotive industry, designed to provide self-driving vehicles better safety, improved comfort and increased productivity.
AImotive used to be called AdasWorks, and the new name reflects the broader vision to “bring global accessibility to self-driving vehicles, faster and safer than any other company in the world”.
The AImotive product suite delivers the robust technology required to operate self-driving vehicles in all conditions, and adapts in real-time to different driving styles and cultures, says the company. Continue reading AImotive launches self-driving automotive technology powered by artificial intelligence