Toyota AI Ventures, a Los Altos, CA-based venture capital firm subsidiary of Toyota Research Institute, launched new $100m fund.
Fund II, which brings the firm’s total assets under management to more than $200M, is dedicated to investing in early-stage startups developing disruptive technologies and business models in the autonomous mobility and robotics markets.
The firm focuses on investments in artificial intelligence (AI), data, and cloud technologies, as applied to autonomous mobility and robotics.
In addition to offering capital, TAIV partners with portfolio companies to provide ongoing support and resources to enable their long-term success, including assistance with product-market fit, and an opportunity to connect with Toyota’s deep technical expertise and its extensive global network.
Founded in July 2017 by Managing Director Jim Adler, who also serves as executive advisor at the Toyota Research Institute (TRI), Toyota AI Ventures has invested in a diverse portfolio of 19 startups including:
– Elementary Robotics
– Intuition Robotics
– Joby Aviation
– May Mobility
– Sea Machines