Autobrains Raises $101M in Series C Funding

Autobrains Founder and CEO, Igal Raichelgauz
Autobrains Founder and CEO, Igal Raichelgauz.

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.