BMW, Continental, Knorr-Bremse and VinFast backed the autonomous perception technology developer in a round which will accelerate its expansion into new markets.
Autobrains, an Israel-based developer of autonomous driving technology, received $101m yesterday in a series C round featuring carmakers BMW and VinFast as well as automotive component producers Continental and Knorr-Bremse.
The round was led by Singaporean state-owned investment firm Temasek while Herzog Fox & Neeman served as legal adviser to Autobrains for the transaction.
Founded in 2019 as Cartica AI, Autobrains has developed technology that maps raw real-world data to compressed signatures and identifies concepts and scenarios for optimal decision-making.
The…
