Kai Nicol-Schwarz’s Post

#Funding To Autonomous Driving #Startups Surprisingly Starts To Move Again - https://buff.ly/3RHdFg2 #autonomouscars #transportation #VC #investing

Scoop: Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned. Read more from Kirsten Korosec on Phantom Auto shutting down here: https://tcrn.ch/3Iy1kWv #TechCrunch #technews #startup #autonomousvehicle

Good news for Autonomous Driving from the UK! The fact that AI-based self-driving companies are able to raise more than a billion dollars in capital proves that investors are ready to back the right technology. I hope that the money is used wisely and one good use for the money would be to prove that the technology is free of unreasonable risk, avoids technological insufficiencies and foreseeable misuse and is protected against deliberate cyber-attacks. "British self-driving technology startup Wayve said on Tuesday it has raised $1.05 billion in a funding round led by SoftBank Group (9984.T), opens new tab  to accelerate the development and launch in production-model vehicles of its Embodied AI technology that can learn from and adapt to human behavior. ..." See full article below. https://lnkd.in/grbt9aAS

Autonomous technology startup Waabi has closed on a $200 million Series B round, led by existing investors Uber and Khosla Ventures. Strong strategic investors include NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. The round brings Waabi’s total funding to $283.5 million. Unlike Tesla's approach, The Waabi Driver has done most of its training, testing and validation using a closed-loop simulator called Waabi World that automatically builds digital twins of the world from data; performs real-time sensor simulation; manufactures scenarios to stress test the Waabi Driver; and teaches the Driver to learn from its mistakes without human intervention. In just four years, that simulator has helped Waabi launch commercial pilots (with a human driver in the front seat) in Texas, many of which are happening through a partnership with Uber Freight. Waabi World is also enabling the startup to reach its planned commercial fully driverless launch in 2025. https://lnkd.in/esqBZHMv

Who's driving the future of autonomous cars? Startups, that's who! Check out our deep dive to see how bold, innovative startups are transforming sci-fi fantasies into today's road-ready realities. ➡️ #AutonomousVehicles #Innovation #DisruptiveTech

Hold on to your digital hats, folks, because we've got a new article that's bound to intrigue! We've gone deep into the exploration of some remarkable UK-based startups who are shaking up the Autonomous Vehicles Industry. Innovative. Ground-breaking. Revolutionary. All words that sum up these startups and the work they're doing. Check out the full post here: https://lnkd.in/gqpSumUG Featuring: Sunswap, Founded by our own Andrew Sucis, Michael Lowe, and Nikolai Tauber. Furthermore, we've got Moose Scooters, Grayscale AI (NATO DIANA Innovator) making strides with its AI efficiency, founded by Dragos Stanciu, Hypermile changing up logistics with its proprietary tech, thanks to James Hennessey. But we're not done yet, as Inai Soft, founded by Stan Levandovsky, is revolutionizing business intelligence and automation with AI. Also, loveelectric, led by the dynamic Steve Tigar, is making electric vehicles more accessible to everyone. Moreover, the ingenious Autovia, initiated by Felix Dennis, is making big moves in the automotive industry. Rounding out our list is Sorair, a newly formed startup pushing the boundaries of supply chain systems and logistic services. Explore these companies and their contributions to the Autonomous Vehicles Industry in our latest article. See you there! #startups #UKstartups #autonomousvehicles #innovation #transportation #AI #machinelearning #electricvehicles #businessintelligence #supplychainsystems #logistics

🚗 Spotlight on Wayve: Redefining Autonomous Driving In a remarkable stride for the UK’s tech scene, Wayve has secured $1.3 billion in funding, including a record-breaking $1.05 billion Series C round! What sets Wayve apart? Their unique 'Embodied AI' technology that learns from data, enabling scalable solutions across diverse environments without relying on pre-mapped routes. Want to keep track of the latest developments and key players in the autonomous driving industry? Check out our AutoTechStartup Dashboard, which offers detailed analytics on startups' funding, patent activity, and strategic partnerships.🚀 #TechInnovation #AutonomousVehicles #AI #Startups #AutoTechStartupDashboard #MobilityInsights

🚗 Autonomous vehicles driving up to the West 🤖 The Chinese autonomous driving startup WeRide is eager to enter the US, aiming for a valuation of $5.02 billion in its initial public offering in the country. ⛔ With many technological, practical and regulatory bumps along the road, autonomous driving has been advancing slowly in the US and the EU. 🌏 The promising WeRide has been developing autonomous driving technologies since 2017 and has commercial pilots in over 7 countries, including Singapore, China and Saudi Arabia. 🛣 With the expected barring of Chinese software in autonomous vehicles, WeRide might have a bleak future in the US. How will the company hit the road in other countries? Follow EQ+ for the latest updates on technology and international business between China and the EU! #China #ChinaBusiness #EU #US #WeRide #EQplus

Exclusive: Doubts over autonomous vehicle startup’s £500m funding as staff go unpaid. ❗️ Once hailed as a promising UK autonomous vehicle startup, Conigital Group captured the attention of the European tech scene last year when it announced it had secured a “landmark” £500m funding offer. The Birmingham-based company’s ‘megaround’ ranked as one of the largest European funding deals in 2023. It was also the largest ever investment into a UK autonomous vehicle startup, until rival Wayve’s $1bn round last month. However, a UKTN investigation can reveal that the £500m funding round has not closed – and raises significant questions. Our investigation can instead reveal that Conigital Group has failed to pay UK employees on time since May 2023 and is now facing around a dozen employment tribunals over owed wages. In a statement, Conigital said: “Conigital Ltd. is in the advanced stages of securing a £500m funding offer from a reputable private equity firm. We acknowledge the employment tribunal decision and are addressing all related matters. "The withdrawal from Innovate UK contracts was due to funding delays. Conigital Ltd. remains committed to transparency, compliance, and fulfilling our obligations to our staff and stakeholders.” ➡️ https://lnkd.in/e4mFFcbG 🔗 #unpaidstaff #investigation #breaking #funding #investment #autonomousvehicles #startup #deals #UKtech