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.