Mapbox, a Washington, DC and San Francisco provider of nav systems for car companies and others involved in autonomous vehicles, raised $164 million in a Series C round led by the SoftBank Vision Fund, with participation from existing investors including Foundry Group, DFJ Growth, DBL Partners, and Thrive Capital. "Location data is central and mission critical to the development of the world's most exciting technologies," said Rajeev Misra, who helps oversee SoftBank's Vision Fund. Element AI, a Canadian startup providing learning platform solutions for self-driving and advanced manufacturing, raised $135 CAD million (around $105 million) in a Series A round (in June) led by Data Collective, a SV-based venture capital firm, and included participation by Fidelity Investments Canada, National Bank of Canada, Intel Capital, and Real Ventures. Ninebot, the Chinese consumer products company that bought out Segway and raised $80 million in 2015, raised another $100 million in a Series C round from the SDIC Fund Management Co. and the China Mobile Fund. Horizon Robotics, another Chinese startup, raised $100 million in a Series A round led by Intel Capital with participation by Wu Capital, Morningside Venture Capital, Linear Venture, Hillhouse Capital and Harvest Investments.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). According to preliminary figures, the company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected industry.
Bosch's new automated driverless car system called "Home zone park assist" will let you use your smartphone to park your car. The new technology will guide your car to parking spaces up to 100 meters away -- which is something we all really needed during driver's ed. Bosch expects the tech to make a North American debut in a production car in 2019.
Mercedes' parent company Daimler and automotive supplier Bosch announced back in 2017 their plans to get autonomous vehicles on the road "by the beginning of the next decade." Now, the partnership is getting ready to roll out testing, and has earmarked San Jose for a pilot trial in the second half of 2019. Using automated Mercedes Benz S Class vehicles, the trial will see on-demand ride-hailing on offer in the San Carlos/Stevens Creek corridor between downtown and west San Jose. The city -- the third largest in California -- is on track to see a 40 percent population spurt over the next two years, so officials are keen to see how automated vehicle tech will help address growing transportation challenges. "We have to rethink urban transportation," says Dr Stephan Honle, senior vice president of automated driving at Bosch.