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Autobrains Nabs $19M, Bringing Its Series C To $120M, To Take On Mobileye In Autonomous Driving Tech

Mar 10, 2022over 3 years ago

Amount Raised

$19 Million

Round Type

series c

Tel Aviv

Description

AI has been the backbone of many a technological breakthrough over the years, but one challenge it has yet to solve is that of self-driving: try as they may, engineers have yet to build a platform that can manage all the practicalities and unexpected eventualities of conducting a vehicle as well as or better than a human can do, and which has also convinced regulators and the general population of its reliability. We’re still seeing a lot of development, however, and today, Autobrains, one of the hopefuls in this space that believes it has figured out how to fix the 1% margin of error typical in self-driving with a “self-learning” approach that is hardware-agnostic (more on that below) is announcing yet more funding to continue developing its platform.

Company Information

Company

Autobrains

Location

Tel Aviv, Tel Aviv District, Israel

About

Autobrains (formerly Cartica AI) is a leading Israeli AI mobility company, radically reimagining AI for the safest route to autonomy. Revolutionizing how we apply deep learning, self-learning AI is a new approach to perception that is driving the transition to the safest human-driven and autonomous car possible. Autobrains offers solutions for the next generation of cars and mobility – providing safer, superior performance at lower energy consumption and less cost.

FundzWatch™ Score

65
Medium Activity

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