Understand.ai Raises $2.8m in Seed Funding

Understand.ai, a Karlsruhe, Germany-based machine learning startup for training and validation data in autonomous vehicles, raised $2.8m in seed funding.

The round was led by LEA Partners with participation from Frontline Ventures, Synapse Partners and Agile Partners.

The company will use the funds to further develop their team and expertise, while continuing expansion in the US.

Led by CEO Marc Mengler, Understand.ai provides image and video data for autonomous vehicles, focusing on a combined human-machine approach to increase efficiency in data labelling, and reduce margins for error.
Clients include major Automotive OEMs and Tier one suppliers in Germany and the USA.



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