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Israeli AI mobility company Autobrains raises USD 101 million Series C

Source: kr-asia.com kr-asia.com
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Israeli AI mobility company Autobrains, a developer of self-learning artificial intelligence technology for assisted and autonomous driving, has raised USD 101 million in a Series C funding round led by Singapore-headquartered global investment firm Temasek, the company said on Monday. Additional participants in the round included braking systems manufacturer Knorr-Bremse AG and EV automaker VinFast. Existing investors such as BMW and long-term strategic partner Continental AG also joined the round. Established in 2019, AutoBrains is a joint venture set up by Israeli startup Cortica and Continental. The company will use the funding to fortify its presence in new global markets....
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