Perceptive Automata has raised $16 million in Series A funding. The oversubscribed round was led by JAZZ Venture Partners with participation from Toyota AI Ventures, Hyundai Motor Company, and existing investors First Round Capital and Slow Ventures, among others. The investment brings Perceptive Automata’s total capital to $20 million.
It is known that Perceptive Automata is one of the leading providers of human behavior prediction software for machines. The software gives automated vehicles the ability to understand the state-of-mind of humans, pedestrians, cyclists, and other motorists. Automated vehicles need this capability to drive safely, smoothly, and predictably in a human-dominated road environment. The company is integrating its software with customer and partner ADAS and autonomous driving systems.
Perceptive Automata uses behavioral science techniques to characterize the way human drivers understand the states of the minds of other humans, and then trains its deep learning models to acquire that same ability. These sophisticated deep learning models output real-time data on the intention, awareness, and other state-of-mind attributes of pedestrians, cyclists, and other motorists. Customers’ autonomous driving systems can then assess the data to understand, for example, whether a stationary pedestrian wants to cross in front of the automated vehicle, if the cyclist ahead of the automated vehicle might want to turn left, or if another vehicle is about to merge lanes.
This funding round brings together investors with a shared vision for how to solve the human behavior prediction challenge for machines.
Source: Press Release