Brodmann17, a provider of vision-first technology for automated driving, has announced that it raised an $11M Series A funding round from both new and existing investors, including OurCrowd, who led the round, Maniv Mobility, AI Alliance, LLC, UL Ventures, Samsung NEXT, and Sony Innovation Fund.
With the funding, Brodmann17 plans to expand partnerships, accelerate integration of its deep learning solution with customers, and continue its mission to put efficient, powerful automated driving capabilities in every vehicle.
As the advanced driver-assistance systems (ADAS) market there is a growing need for highly reliable AI-based vision technology. Brodmann17 is focusing on software, offering deep learning perception technology that can run on any hardware, including low-power processors.
The company built deep learning algorithms from the ground up to provide state-of-the-art accuracy while consuming a fraction of the compute power. It is currently being tested by OEMs and Tier 1 suppliers worldwide, bringing ADAS from the premium to the mass market to make roads safer.
According to the company, its patent-pending software is able to run on the edge while increasing ADAS resolution, frame rate, and accuracy. The solution is easily integrated to quickly provide ADAS capabilities and meets the automotive industry’s toughest standards.