Helm.ai, a Menlo Park, CA-based provider of next-generation AI software for autonomous driving and automation of robotics, announced that it raised $55 million in its Series C financing, bringing its total raised to $102 million.
Freeman Group led the round which also includes investments from venture capital firms ACVC Partners and Amplo as well as strategic investments from Honda Motor, Goodyear Ventures, and Sungwoo Hitech.
The funds will be used for R&D, productization of its self-driving technologies, and to further execute commercial engagements with customers and partners in the automotive and robotics sectors.
"Our Deep Teaching technology allows us to quickly deliver best-in-class AI software to OEMs and Tier 1s in a hardware-agnostic fashion, accelerating their time to market and enabling their path to software differentiation with high-end ADAS and L4 systems," said Helm.ai CEO Vlad Voroninski, "This new capital will increase our AI offerings for autonomous driving and robotics applications and expand the commercialization footprint of our cutting-edge AI software stack."
Company: Helm.ai, Inc.
Raised: $55.0M
Round: Series C
Funding Month: August 2023
Lead Investors: Freeman Group
Additional Investors: ACVC Partners, Amplo, Honda Motor, Goodyear Ventures, and Sungwoo Hitech
Company Website: https://www.helm.ai/
Software Category: AI software for Autonomous Driving and Automation of Robotics
About the Company: Helm.ai is building the next generation of AI software for high-end ADAS, L4 autonomous driving, and robotics. Founded in November 2016 in Menlo Park, CA, the company has re-envisioned the way AI software is built to make truly scalable autonomous driving a reality.
Source: https://www.prweb.com/releases/helmai-announces-55-million-series-c-funding-for-its-ai-software-301901873.html