Cartica AI, an Israeli autonomous AI mobility startup has announced the completion of its Series B investment round, which includes participation from Continental, Toyota AI Ventures, BMW i Ventures, and OurCrowd for an undisclosed sum. The company plans to use the fund to launch its Autonomous AI platform and scale its global operations with a focus on increasing the safety of cars and lowering casualties on the global motorways.
Cartica AI enables unsupervised learning from real-world data, resulting in unprecedented accuracy in edge cases and challenging scenarios. Its platform is based on an already mature technology, following over a decade of R&D, and is protected by over 200 patents. This is a paradigm-shift to the conventional AI approach of supervised deep learning, which is heavily based on massive amounts of human-labeled data which is time-consuming, expensive and unreliable for edge-case scenarios.
As the automotive industry is transitioning towards enhanced autonomy, incorporating new AI capabilities, such as the ability to predict road behavior and better understand the scene’s contextual elements, Cartica AI is providing these next generation AI capabilities to the industry, while using affordable computational resources of an average car.
Source: Press Release