Electronics and Semiconductors

AImotive secures $20 million to expand locations and self-driving technology

23 June 2020
AImotive has raised an additional $20 million for expansion of locations and continue to develop its self-driving car technology. Source: AImotive

AImotive has become what it claims is the most-funded automated driving software supplier in Europe with an additional $20 million raised in funding.

The company has raised a total of $75 million in total funding and has become the largest venture capital-backed company developing automated driving technology in Europe, AImotive said.

Investors include Lead Ventures, Robert Bosch Venture Capital, B Capital Group, Prime Ventures, Inventure, Samsung Catalyst Fund and Draper Associates.

In addition to expanding its locations, AImotive will use the funding to accelerate its efforts in automated driving for luxury vehicles as well as automated safety. Currently, AImotive is working to deploy automated driving technology to highway driving, taking over from drivers on long and boring drives or deploying emergency technologies that serve to mitigate or avoid accidents.

Recently, the company announced its aiSim, a simulator for automated driving development that is a certified automotive-grade simulator.

To contact the author of this article, email engineering360editors@globalspec.com


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