FiveAI picks up 2.7M to build AI-driven software for autonomous vehicles

FiveAI is a rather ambitious U.K. startup that's building AI-driven software to help accelerate the development of autonomous vehicles. The young company wants to apply the latest developments in computer vision and AI/machine learning to enable self-driving cars to do more of the heavy-lifting in regards to understanding and navigating their immediate environment. To enable FiveAI to continue building out its autonomous vehicle software stack and grow its team of AI/machine learning and other software engineers, the startup has raised 2.7 million in funding. The round was led by Amadeus Capital Partners with participation from Spring Partners and Notion Capital. Specifically, FiveAI wants to use AI/machine learning and computer vision to remove the need for highly detailed "prior 3D mapping" of environments, which I'm told is the predominant method used in autonomous vehicle navigation.