Autobrains, a Tel Aviv, Israel-based AI-pioneer mobility company that develops revolutionary self-learning technology for advanced driving assisted systems and autonomous driving, announced the final closing of Series C funding amounting to $120 million.
The round was led by Temasek together with both existing partners Continental and BMW i Ventures, as well as new participants Knorr-Bremse AG and VinFast.
Autobrains will use this funding to further refine its self-learning AI learning technology capabilities and expand into new domains such as trucks.
Round: Series C
Funding Month: March 2022
Lead Investors: Temasek
Additional Investors: Continental, BMW i Ventures, Knorr-Bremse AG and VinFast
Company Website: https://autobrains.ai/
Software Category: Automotive Visual Intelligence platform
About the Company: Autobrains (formerly Cartica AI) is a leading Israeli AI mobility company, radically reimagining AI and bridging the path to full autonomy. Revolutionizing how deep learning is applied, Autobrains' self-learning AI is a new approach to the perception that drives the transition to the safest human-driven and autonomous car possible. Autobrains Technologies provides solutions for the next generation of vehicles and mobility. Backed by more than 200 patents and 10 years of cutting-edge research, our approach disrupts the whole way the automotive industry approaches AI. Autobrains solve the cost and efficiency issue plaguing many AV and ADAS systems. It is based on a new kind of AI using a lightweight and efficient computational framework which will give better performance at 40% less cost, and 10x less energy consumption.