Alitheon aligns with BMW for funding

Jan 13, 2020 • Callum Cyrus

BMW iVentures has invested in Alitheon as part of a $14.9m round that will enable it to expand its supply chain-analysis software into new industries.

US-based machine vision software developer Alitheon has completed a $14.9m funding round featuring BMW I Ventures, the corporate venturing arm of car manufacturer BMW.

BMW was joined by venture capital firms Shasta Ventures and IPD Capital in addition to undisclosed private investors. It raised the first $11.6m of the round in November 2019 and added $3.3m this month according to GeekWire, which described the deal as a seed round.

Founded in 2015, Alitheon has created a computer vision-driven platform called…

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