FiveAI, a UK startup focused on the development of artificial intelligence and machine learning for fully autonomous vehicles, has received US$2.7m in equity funding, according to The Engineer.
This money will be used to expand the company’s team, increase its development and begin simulator and road testing of its software.
The publication said that FiveAI is planning a system using much stronger AI and ML to ensure that autonomous vehicles can safely and accurately navigate all environments, including complex urban ones, with simpler maps. This will eliminate the need to survey, maintain and share detailed 3D maps of worldwide road networks.
July 27, 2016