Autobrains Raises $120M in Series C Funding

Autobrains (formerly Cartica AI), a Tel Aviv, Israel-based AI mobility company, raised $120M in Series C funding.

The round was led by Temasek with participation from led by existing partners Continental and BMW i Ventures as well as new participants Knorr-Bremse AG and VinFast. 

The company intends to use the funds to further refine its self-learning AI learning technology capabilities and expand into new domains such as trucks.

Led by CEO Igal Rachelgauz and Chairman Karl-Thomas Neumann, Autobrains leverages self-learning AI that maps raw, real-world data to compressed signatures to identify concepts and scenarios for optimal decision-making. Developing advanced driver assistance systems and autonomous driving solutions, Autobrains’ AI technology is designed to learn like the human brain, through neural networks, and process information the same way as humans. The avant-garde approach applies “human learning” by using a signature-based technology, enabling cars to learn, collaborate and interact with the real world with no supervision, utilizing data and scenarios from the car’s surroundings to enable decision-making just like the human brain, in real time.

The company will now grow their commercial reach into new global markets and expand sites in Asia, Europe and the U.S.

FinSMEs

13/03/2022