SafeAI, a Milpitas, Calif.-based autonomous heavy equipment company, raised $21m in Series A funding.
The round was led by Builders VC with participation from new investors LTC, DG Ventures, MACA and Vimson Group, and existing investors Autotech Ventures, Brick and Mortar Ventures, Embark Ventures, Monta Vista Capital and Obayashi Corporation.
The company intends to use the funds to advance its interoperable autonomous technology through accelerated research and development, and accelerate global expansion.
Led by Bibhrajit Halder, founder and CEO, SafeAI is a global autonomous heavy equipment company focused on advancing modern industry. The company retrofits heavy equipment for autonomous applications in mining and construction to serve a massive ecosystem of industry players with complex needs. By building a software platform with advanced, industry-specific AI, SafeAI enables equipment owners to advance existing machines into self-operating robotic assets.
The company currently operates with Obayashi Corp in Cupertino, CA.
FinSMEs
29/06/2021