Autobrains Raises $120M in Collection C Funding

image 26

Autobrains (previously Cartica AI), a Tel Aviv, Israel-based AI mobility firm, raised $120M in Collection C funding.

The spherical was led by Temasek with participation from led by current companions Continental and BMW i Ventures in addition to new members Knorr-Bremse AG and VinFast.

The corporate intends to make use of the funds to additional refine its self-learning AI studying know-how capabilities and increase into new domains corresponding to vehicles.

Led by CEO Igal Rachelgauz and Chairman Karl-Thomas Neumann, Autobrains leverages self-learning AI that maps uncooked, real-world knowledge to compressed signatures to determine ideas and eventualities for optimum decision-making. Creating superior driver help methods and autonomous driving options, Autobrains’ AI know-how is designed to be taught just like the human mind, via neural networks, and course of data the identical means as people. The avant-garde method applies “human studying” by utilizing a signature-based know-how, enabling automobiles to be taught, collaborate and work together with the true world with no supervision, using knowledge and eventualities from the automobile’s environment to allow decision-making similar to the human mind, in actual time.

The corporate will now develop their industrial attain into new international markets and increase websites in Asia, Europe and the U.S.

Get latest news from African Startup ecosystem

Latest stories

You might also like...