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Category: self-driving vehicles

Robotics | IoT

Robotics investments February 2019

Robotics investments totaled at least $4.3 billion in February 2019 in a steep increase from January, which had about $1.4 billion. In addition, companies reported approximately $3.9 billion worth of acquisitions this past month. Any political or economic jitters have not yet harmed the mood for robot deals. The Robotic Industries Association noted yesterday that robot…

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Machine sensing, smell to improve the self-driving experience, safety

Abruptly, I entered the cab escaping the arctic weather to confront something worse than freezing rain – body odor. Luckily, another taxi pulled to the curb, and I continued my journey to last Tuesday’s RobotLab forum on Cybersecurity & Machines. Moderating a panel at the new Global Cyber Center, with John Frankel of ffVC and Guy Franklin of SOSA, I…

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On-chip sub-terahertz system gives autonomous vehicles keener ‘eyesight’

Autonomous vehicles relying on light-based image sensors often struggle to see through blinding conditions, such as fog. But MIT researchers have developed a sub-terahertz-radiation receiving system that could help steer driverless cars when traditional methods fail. Sub-terahertz wavelengths, which are between microwave and infrared radiation on the electromagnetic spectrum, can be detected through fog and…

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Waymo’s autonomous vehicles leave Apple in the dust

The California Department of Motor Vehicles (DMV) this week released the disengagement reports for companies testing autonomous vehicles on public roads in California. The data, captured between Nov. 31, 2017 through Dec. 1, 2018, found that 48 companies reported driving 2 million miles in autonomous mode on California roads and highways. The California DMV defines a…

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Driverless investment tops $1.6B so far this month

After last week’s $582 million in funding for autonomous vehicle companies, you might think that driverless investment would coast for a while. However, this week saw more than $1 billion in support for developing self-driving cars and trucks. President’s Day is traditionally the time for car sales, but the automakers and big technology companies are…

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TuSimple gets heavy-duty funding for autonomous fleet

TuSimple, which is developing self-driving trucks, today said that it has raised $95 million in Series D funding. The San Diego startup has a valuation of $1 billion and plans to use the investment for further development and commercialization. Chinese media company Sina Corp. led the round, and Hong Kong-based Composite Capital participated. After its…

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Birth of a unicorn: Nuro gets $940M from SoftBank for driverless deliveries

  Nuro.ai, which is working on self-driving vehicles, said today that it has received $940 million from the SoftBank Vision Fund. This marks a major push in the ground delivery space and another move by SoftBank to take leadership in automation. Other investors in Mountain View, Calif.-based Nuro include Greylock Partners and Gaorong Capital. The…

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Aurora raises $530M Series B as Amazon joins self-driving car race

Self-driving startup Aurora Innovation Inc. today said it had raised $530 million in a Series B round led by Sequoia Capital. The most noteworthy investor is Amazon.com Inc. Other participants included Lightspeed Venture Partners, Geodesic, Shell Ventures, and Reinvent Capital, as well as previous investors Greylock and Index Ventures. Funds advised by T. Rowe Price…

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VCs like Ike, fueling self-driving truck startup with $52M

A company named Ike has raised $52 million in Series A funding. The San Francisco-based startup is developing autonomous trucks with the goal of increasing safety, creating a commercial offering at scale, and helping improve the livelihoods of human drivers. Bain Capital Ventures led the round, with participation from Redpoint Ventures, Fontinalis Partners, Basis Set…

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Automation needs to strike balancing act

Earlier this month, I crawled into Dr. Wendy Ju‘s autonomous car simulator to explore the future of human-machine interfaces at Cornell Tech’s Tata Innovation Center. Dr Ju recently moved to the Roosevelt Island campus from Stanford University. While in California, the roboticist was famous for making videos capturing people’s reactions to self-driving cars using students…

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