Teraki, a Berlin, Germany-based AI and edge processing startup, raised $3m in cumulative seed financing and government grants.
Backers included new investors Paladin Capital Group and GPS Ventures GmbH, which joined previous investors Deutsche Telekom hub:raum.
The company will use the funds to grow its automotive customer implementations and accelerate the development of its product roadmap.
Co-founded by Daniel Richart and Markus Kopf, Teraki has developed technology that delivers AI and edge processing to meet data analytics demand of new applications in the automotive industry.
The solution, which enables continuously adapting edge analytics models to fit and operate in or with resource- and cost-constrained automotive ECUs and networks, will enable automotive clients to process more data and to detect events using energy-efficient, embedded software in existing chips, to improve vehicle safety and autonomy at lower operational costs.
Teraki has completed several pre-production validations by premium automotive manufacturers, as well as integrations on a variety of microcontrollers.
The company has a team consisting of more than 10 researchers.