Transportation Startup Cognata Raises $5 Million
Cognata completed $5 million in financing. Three investors participated in the round: Emerge.be, Airbus Ventures, and Maniv Mobility.
Cognata provides a fast lane to autonomous driving with its testing and evaluation solution for self-driving vehicles — a realistic automotive simulation platform in which virtual cars travel virtual roads in virtual cities, all remarkably true to real-world conditions.
In its announcement, the company said it will use the funding to accelerate product development and commercialization of its new solution, which combines artificial intelligence, deep learning, and computer vision in its simulation platform.