BMW, Continental, Knorr-Bremse and VinFast backed the autonomous perception technology developer, which traces its roots to Technion.
Autobrains, an Israel-based developer of autonomous driving technology that traces its roots to Technion – Israel Institute of Technology, has received $101m in a series C round led by Singaporean state-owned investment firm Temasek.
Carmakers BMW and VinFast as well as automotive component producers Continental and Knorr-Bremse also took part.
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 process results in a single representation of space and advanced perception, an understanding of the contextual elements of driving scenarios and a reduction of reliance on labelled data and computing power. Autobrains intends to use the funding to boost international expansion.
The company had previously raised an undisclosed amount of series B funding in September 2019 from Continental; Toyota AI Ventures, the corporate venturing unit of carmaker Toyota; BMW i Ventures, the strategic…
