AI transportation startup Drive.ai has announced the close of $15 million in Series B financing.
Drive.ai is a Silicon Valley startup that aims to “build the brain of self-driving vehicles,” creating hardware and software that applies deep learning throughout its driving system. Its system will include a roof-mounted exterior device that can display written signs and even emojis to convey meanings such as “safe to cross,” just as human drivers yield to pedestrians using hand gestures. With an all-star founding team that includes PhDs and former graduate students from Stanford’s artificial intelligence lab, Drive.ai is helping make autonomous driving a reality.
The company revealed that Drive.ai will use the additional funding to expand its team, accelerate technological development, establish business partnerships, and open its first office abroad in Singapore.