Toyota has doubled the amount of funding its innovative technologies investment subsidiary has under management, almost two years after it was launched.
Toyota AI Ventures (TAIV), a US-based corporate venture capital vehicle owned by Japan-headquartered carmaker Toyota, launched a $100m second fund yesterday.
The unit was formed as a subsidiary of Toyota Research Institute (TRI) in mid-2017, with a $100m first fund and a brief to invest in innovative technologies that could inform the future of transport, such as artificial intelligence (AI), autonomous mobility, big data, robotics and cloud software.
TAIV has built a 19-strong portfolio in the time since which…
