Almotive is a provider of AI powered self-driving technology. It uses cameras as primary sensors to mimic the visual capabilities of human drivers.
The company will use this new round of funding to increase global scale and accelerate autonomous driving software via simulation technology.
“The auto industry is moving rapidly toward autonomy, and AImotive’s vision-first strategy for solving perception and control is far more scalable than LiDAR-based approaches as an industry standard,” said Gavin Teo, partner at B Capital Group. “We’re excited to support Laszlo and the AImotive team in building a lasting brand in the AV space.”
“As a fund with many years of investment experience in deep technologies, we are excited to be part of shaping the next chapter in automotive,” said Monish Suri, partner at Prime Ventures. “What the AImotive team has been able to achieve to date, leveraging simulation technology, is very impressive, and we are looking forward to helping the company grow further and bring their technology into production.”
AImotive’s solution is designed for automotive OEMs, mobility service providers and other mobility players, and the company is working extensively with established automotive players including Groupe PSA, SAIC, and Volvo. In summer last year the company started testing its car fleet in Hungary, France, and California. It has plans to further expand testing to automotive hubs in Japan, China, and other US states this year.
The company was founded by László Kishonti in 2015. Today it has over 150 employees working in headquarters in Budapest and in offices in Mountain View, California (US), Helsinki (Finland) and Tokyo (Japan). Its product portfolio includes aiDrive (autonomous driving software suite), aiSim (photo-realistic simulator) and aiWare (neural network accelerator for computer vision).