Next week Monday to Thursday is the
Automated Vehicle Symposium in San Francisco, bringing together technologists, academics and government agencies.
Quanergy Systems, a Silicon Valley startup that makes light detection and ranging sensors used in self-driving cars, has raised $90 million from investors, illustrating their growing interest in autonomous vehicle technology.
The funding round, led by Sensata Technologies, also included investments from auto parts manufacturer Delphi Automotive, Samsung Ventures, Motus Ventures, and GP Capital. Quanergy’s post-funding valuation is $1.59 billion, CEO Louay Eldada told Fortune.
This investment brings the company’s total funds raised to about $150 million.
Because self-driving cars needs mapping.
Ford Motor Co. is among a group of investors putting seed money into 3D mapping startup Civil Maps as the automaker looks for new ways to push forward the development of self-driving cars.
The $6.6 million seed round was led by Motus Ventures. Wicklow Capital, StartX Stanford, and Yahoo co-founder Jerry Yang’s AME Cloud Ventures also participated in the round.
SAN DIEGO, Calif.- April 28, 2016 -(BUSINESS WIRE)– SLANTRANGE, pioneers of a smarter approach to aerial remote sensing and analytics for agriculture, today announced its $5 million Series A equity financing from a consortium of investors led by The Investor Group, a leading San Diego based investment firm. The funding will accelerate the development and scaling of SLANTRANGE’s proprietary drone sensor and analytics technology to help farmers improve operations amid a rapidly transforming business landscape.
Self-driving shuttle provider to roll out with major university later this year
SAN FRANCISCO- April 25, 2016—Auro Robotics, an autonomous campus shuttle service, today announced it has secured $2 million in a funding round led by Motus Ventures, an investment firm dedicated to accelerating the autonomous future, and supported by Rothenberg Ventures. Auro Robotics will use the funding to roll out autonomous campus shuttle services at a major American university later this year, marking one of the most advanced deployments of self-driving cars to date.