Autonomous vehicle tech developer Nauto raises $159 million in funding

nauto self-driving system

Autonomous vehicle technology company Nauto, which is developing an artificial intelligence and data platform for self-driving technology, has closed a $159 million Series B financing round, led by a SoftBank subsidiary, and Greylock Partners.

Other participants include previous strategic investors BMW iVentures, General Motors Ventures, Toyota AI Ventures and the venture unit of global financial services and insurance provider Allianz Group, and Series A investors Playground Global and Draper Nexus.

The funds will fuel Nauto’s growth and the deployment of its retrofit safety and networking system into more vehicles around the globe, as well as support the expansion of the Nauto data platform in autonomous vehicle research and development across multiple automakers.  Continue reading Autonomous vehicle tech developer Nauto raises $159 million in funding