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HomeData ScienceHelm.ai Raises $55m in Series C Funding Round for Self-driving Technology

Helm.ai Raises $55m in Series C Funding Round for Self-driving Technology

The company will utilize the funding for research and development, the commercialization of its self-driving technology, and to carry out its commercial pacts with clients.

Helm.ai, a provider of cutting-edge AI software for robotics automation and autonomous driving, has raised $55 million in its Series C fundraising round. The venture capital firm Freeman Group served as the lead investor in the round, which also includes strategic contributions from Honda Motor, Goodyear Ventures, and Sungwoo Hitech.  

With this financing, Helm.ai has now raised a total of $102M. Helm.ai will utilize the funding for research and development, the commercialization of its self-driving technology, and to carry out its commercial pacts with partners and clients in the automotive and robotics industries.

According to Helm.ai CEO Vlad Voroninski, their Deep Teaching technology enables to swiftly deliver top-notch AI software to Tier 1s and OEMs in a hardware-agnostic manner, accelerating the time to market and enabling the path to software differentiation with high-end ADAS and L4 systems. 

Read More: UK to Invest £100m in AI Chips Production Amid Global Competition

While speaking about the funding, he said, “With this additional funding, we will be able to offer more advanced artificial intelligence solutions for robotics and autonomous vehicle applications and to accelerate the commercialization of our software stack.”

The announcement of Helm.ai’s latest funding round and its recognition from the industry come at a time when the autonomous vehicle industry is undergoing a major shift. According to the CEO, Helm.ai has continued to experience record acceptance and is well-positioned to gain a growing list of customers in the months and years to come, thanks to its generalized, hardware agnostic approach to AI for autonomous systems.

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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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