Israeli AI Mobility Company Autobrains Raises $101M In Series C Funding

Israeli AI mobility company Autobrains, the developer of a first-of-its-kind self-learning artificial intelligence technology for assisted and autonomous driving, announced Monday that it has raised $101 million in Series C funding round led by Temasek, a global investment company headquartered in Singapore. Additional participants in the round included new investors Knorr-Bremse AG, a leading automotive player and VinFast, as well as existing investor BMW and long-term strategic partner, German automotive part manufacturer Continental AG. The announcement reflects the anticipation from global leaders, including Tier 1 suppliers and OEMs, as well as sophisticated investment funds, that Autobrains is disrupting the advanced driver-assistance systems (ADAS) and autonomous vehicle marketplace with its alternative approach to AI for automation. The company will use the funding to grow its commercial reach into new global markets. Autobrains' self-learning AI is fundamentally different from other deep learning systems.