AImotive Closes $38 M Series C Funding Roud

Published by , January 8, 2018 1:19 pm

(RoboticsBusinessReview) AImotive closed its $38 million Series C funding round that was led by B Capital Group and Prime Ventures. AImotive uses off-the-shelf cameras and AI vision processing for its self-driving system. This is a lower-cost approach to autonomous vehicles than the industry standard LiDAR approach, which until recently was far too expensive to be scalable.
AImotive will showcase its latest technology this week at CES 2018 in booth 3131 in the North Hall of the Las Vegas Convention Center.

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