Ike, a San Francisco, CA-based autonomous trucking startup, raised $52m in Series A funding.
The round was led by Bain Capital Ventures with participation from Redpoint Ventures, Fontinalis Partners, Basis Set Ventures, and Neo. In conjunction with the funding, Bain Capital Ventures partner Ajay Agarwal joined Ike’s board.
The company intends to use the funds to continue to expand operations in San Francisco to build the system.
Co-founded by Nancy Sun, Jur van den Berg, and Alden Woodrow, Ike is advancing a safe self-driving trucking system focused on highway operation. According to a post, the system leverages computer vision and deep learning, wire harnesses, alternators, steering columns, durable sensors, and crafted regulations.
The company’s technology aims to improve truck driver livelihoods, create jobs, reduce greenhouse emissions, and improve transportation.