Autobrains Raises $101 Million in Series C  

by Kay Aloha Villamor in November 2nd, 2021

Autobrains, a Tel Aviv, Israel-based developer of first-of-its-kind self-learning artificial intelligence technology for assisted and autonomous driving, announced it raised $101 million in Series C financing led by Temasek, a global investment company headquartered in Singapore.

Additional participants in the round include new investors Knorr-Bremse AG, a leading automotive player, and VinFast, a fast-growing flagship Vietnamese car manufacturer, as well as existing investor BMW and long-term strategic partner, Continental AG.

The funding will grow the company's commercial reach into new global markets.

Company: Autobrains

Raised: $101.0M

Round: Series C

Funding Month: November 2021

Lead Investors: Temasek

Additional Investors: Knorr-Bremse AG, VinFast, BMW, and Continental AG

Company Website: https://autobrains.ai/

Software Category: self-learning AI solution to ADAS and autonomous driving

About the Company: Autobrains (formerly Cartica AI) is a leading Israeli AI mobility company, radically reimagining AI for the safest route to autonomy. Revolutionizing how we apply deep-learning, self-learning AI is a new approach to a perception that is driving the transition to the safest human-driven and autonomous car possible. Autobrains offers solutions for the next generation of cars and mobility – providing safer, superior performance at lower energy consumption and less cost.

Source: https://www.prnewswire.com/news-releases/autobrains-announces-101-million-series-c-funding-led-by-temasek-301413006.html

 


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