Prime Ventures leads $38m series-C for AImotive

Other backers in the round include Cisco Investments and Samsung Catalyst Fund. Previous investors from series-B and -D rounds participating in the latest round featured Robert Bosch Venture Capital, Inventure, Draper Associates and Day One Capital.

With the fresh capital, AImotive intends to to continue developing its proprietary autonomous driving technology, using off-the-shelf camera sensors and artificial-intelligence-based vision processing.

The company started testing its car fleet in Hungary, France and California in Q3 2017. It has plans to further expand testing to automotive hubs in Japan, China and other US states this year.

Company
Founded in 2015 and headquartered in Budapest, AImotive provides AI-powered self-driving technology through its software product AIdrive. The firm operates offices in Finland and the US, and employs a staff of 150.

People
Prime Ventures – Monish Suri (partner).
B Capital Group – Gavin Teo (partner).
AImotive – Laszlo Kishonti (founder, CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• CEE
• Technology
• Hungary
• Netherlands
• Prime Technology Ventures
• Venture