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. [Read more…] about AImotive raises $38 million funding for its autonomous driving technology