Based on research at University of Manchester, MindTrace is working on artificial intelligence for autonomous vehicles that is able to continuously improve itself.
UK-based artificial intelligence (AI) technology developer MindTrace has raised £1.3m ($1.8m) in seed funding from investors including Accelerated Digital Ventures (ADV), managed by the government-owned British Business Bank.
Another publicly backed vehicle, the Northern Powerhouse Investment Fund, through NPIF – Mercia Equity Finance, managed by Mercia Fund Managers, also contributed to the round.
MindTrace is working on AI technology that is able to continuously improve itself through teaching itself without human interaction. The technology would have applications in a wide…