Next week Monday to Thursday is the
Automated Vehicle Symposium in San Francisco, bringing together technologists, academics and government agencies.
Daniel Fagella at technology podcast’s techemergence did an episode with with Motus Ventures’ Robert Seidl recently.
Episode Summary: Companies looking to raise money are often asking what investors think of their company, their industry, and how they’re making investment decisions in related companies. In this episode, I ask these questions of Robert Seidl, who is managing partner of Motus Ventures, an investment firm focusing funding early-stage software companies for autonomous Vehicles and the IoT. Seidl talks about various data sources and the people and networks from which investors draw information when they don’t have what they need on-hand, but need to make important investment decisions. He also shares his perspective on the high-energy and competitive investment world of AI, including his thoughts on the most exciting (and confusing) areas in the industry today.
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.
ITS consultant and Motus Advisor Bob Denaro looks beyond the hype surrounding autonomous vehicles to the challenges that still need to be overcome in in this month’s issue of ITS International magazine:
You can read the full issue here.
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.
TEL AVIV, Israel, Sept. 10, 2015 /PRNewswire/ — Argus Cyber Security, a pioneer in automotive cyber security, today announced it raised $26M in Series B funding. The round includes Magna International, Allianz SE, the SBI Group and existing investors Magma Venture Partners, Vertex Venture Capital and the Co-Founder of the RAD Group, Mr. Zohar Zisapel. The new funding will support the rapid expansion of Argus’ development and customer support teams as market demand dramatically increases.