Autobrains (formerly known as Cartica AI), a Tel Aviv, Israel-based developer of self-learning artificial intelligence technology for assisted and autonomous driving, raised $101m in Series C financing.
The round was led by Singaporean Temasek, with participation from new investors Knorr-Bremse AG and VinFast, as well as existing investor BMW and Continental AG.
The company intends to use the funds to:
- bring self-learning AI to additional global markets,
- expand its commercial reach, and
- develop its AI technology enabling safe assisted driving capabilities and higher levels of automation for next generation mobility.
Led by Igal Raichelgauz, CEO, and Karl-Thomas Neumann, Chairman, Autobrains develops self-learning AI for the next generation of cars and mobility. The company’s system maps raw, real-world data to compressed signatures to identify concepts and scenarios for optimal decision-making. Based on over 250 patents and a decade of R&D, Autobrains’ technology delivers sophisticated advanced artificial intelligence.