DeepScale, a Mountain View, CA-based provider of deep learning perception software for use in mass-produced automated vehicles, raised $15m in Series A funding.
The round was led by Point72 and next47, with participation from existing investor Autotech Ventures and Trucks Venture Capital.
The company will use the funds to expand its engineering team and technology advancements.
Led by Forrest Iandola, co-founder and CEO, DeepScale is using deep neural networks (DNNs) on small, low-cost, automotive-grade sensors and processors to transform the accuracy of perception systems, which interpret and classify sensor data in real-time, for automated vehicles.
The company has a number of strategic partnerships with Tier 1 suppliers, OEMs and semiconductor suppliers to provide automated driving perception solutions, including Visteon and HELLA-Aglaia Mobile Vision GmbH, a major German automotive supplier.