SafeAI, a developer of autonomous solutions for heavy equipment, has raised $38 million in its Series B round of funding with key investors including Builders VC, McKinley Management, George Kaiser Family Foundation, and Energy Innovation Capital.
Additionally, Moog Inc joined the round as a strategic investor. SafeAI retrofits construction and mining vehicles with aftermarket hardware and proprietary autonomy software that delivers significant gains in increased worksite productivity, safety and cost savings.
The company will use the funding to accelerate their autonomous vehicle technology roadmap, and to scale operations globally to service and deploy their growing customer base. [Read more…] about SafeAI raises $38 million funding to develop autonomous heavy equipment