Friday, July 19, 2024
ad raises $31 million in Series C funding round raises $31 million in Series C funding round 

The startup uses an unsupervised learning approach to develop software that can train neural networks without the need for large-scale fleet data, simulation or annotation., a California-based startup developing software designed for advanced driver assistance systems, recently raised $31 million in a Series C funding round led by Freeman Group, only one year after it secured $26 million in venture funding. 

Its partners, including Amplo and strategic investors Honda Motor, Goodyear Ventures, and Sungwoo Hitech, have pushed’s valuation to about $431 million.

Founder of the Freeman Group, Brandon Freeman, is joining’s board of directors as part of this financing. The company has raised $78 million to this date.

Read More: Hexo Raises $270,000 In Pre-Seed Funding By Antler India 

The six-year-old startup,, uses an unsupervised learning method to develop software that can train neural networks without the requirement for large-scale fleet data, simulation, or annotation. provides its software to various Tier 1 suppliers and OEMs in the automotive industry to help them achieve software differentiation with high-end ADAS and L4 solutions.  

The recent funding will add more employees to the 50-person workforce, R&D, and will help towards establishing several commercial partnerships.

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Sahil Pawar
Sahil Pawar
I am a graduate with a bachelor's degree in statistics, mathematics, and physics. I have been working as a content writer for almost 3 years and have written for a plethora of domains. Besides, I have a vested interest in fashion and music.


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