VANCOUVER, BC, Dec. 14, 2023 /CNW/ – Inverted AI announced that it has secured over $4 million USD in institutional early stage financing, led by Yaletown Partners, and including strategic investors such as Blue Titan Ventures, Dasein Capital, Inovia Capital, Defined, and WUTIF.
The funding will be sued by Inverted AI to enhance and broaden its product offerings. This includes advancements based on its leading ITRA (Imagining the Road Ahead) technology. Inverted AI works on providing behavioral models that accelerate the safe commercial deployment of autonomous solutions. This encompasses advanced ADAS, autonomous vehicles and robots, as well as a full range of realistic simulation-based systems. ITRA enables longer and more complex simulation scenarios. These scenarios can be used to test the ADAS/AV system against the full range of behaviors displayed by the human road users around it. Moreover, our technology helps ensure the safety of ADAS and AV systems. It significantly reduces development costs and time by enabling a full range of diverse and realistic testing scenarios.
“The creators of Inverted AI craft predictive human behavioral models to emulate the most realistic behavior in simulations. Moreover, these models are based on vast amounts of video data, leading to simulations featuring reactive, diverse, and realistic NPCs. These NPCs span across various vehicle classes and pedestrians, enhancing the overall simulation experience.” said Frank Wood, CEO of Inverted AI. “We’re grateful for Yaletown Partners leadership and technology expertise – and ability to help us scale.” Yaletown has invested in 75+ technology-driven companies across North America, developing a strong roster of portfolio companies. It has a total enterprise value exposure that exceeds $10Bn.
“The opportunity of generative AI to advance adaptive systems and accelerate the convergence of simulation and real-world applications, in our view, is one of the great thematic changes underway. Inverted AI is an extraordinary team that has created the world’s leading foundational models in generative AI for human behavior. These models have the potential to unlock significant value in all areas of autonomy,” observed Eric Bukovinsky, Partner at Yaletown Partners.
Inverted AI is an extraordinary team that has created the world’s leading foundational models in generative AI for human behavior. These models have the potential to unlock significant value in all areas of autonomy. The company has begun beta testing new products, including BLAME. BLAME can automatically determine which agent(s) caused a collision and why from logs to efficiently validate simulations. Additionally, the company is testing SCENARIO, a product that enables whole-scene scenario generation. SCENARIO includes realistic, reactive, and diverse agents such as pedestrians, bikes, cars, buses, and lights. The company recently launched a new site with an interactive demo of the API and the ability for researchers and developers to sign-up for a trial API key.
