Toyota AI Ventures returned for a series A round that will be used to strengthen technology that helps create datasets for autonomous vehicle models.
US-based data generation software provider Parallel Domain has secured $11m in series A funding from investors including Toyota AI Ventures, a corporate venturing subsidiary of carmaker Toyota.
The round was led by venture capital firm Foundry Group and included Calibrate Ventures, Costanoa Ventures and Ubiquity Ventures.
Parallel Domain has devised a software platform that produces artificial datasets to be used as the basis for training machine learning-driven systems like autonomous vehicles.
Synthetic data is regarded as an option for accelerating…
