Helm.ai, a Menlo Park, California-based provider of next-generation AI software for autonomous driving and robotics, announced that it raised $31 million in its Series C financing, bringing its total raised to $78 million to date.
The round was led by Freeman Group, with participation from venture capital firms ACVC Partners and Amplo, as well as strategic investments from Honda Motor Co., Goodyear Ventures, and Sungwoo Hitech.
Helm.ai will use the funds for R&D, the productization of its self-driving technologies, and to further execute commercial engagements with customers and partners in the automotive and robotics sectors.
“Our Deep Teaching technology allows us to quickly deliver best-in-class AI software to OEMs and Tier 1s in a hardware-agnostic fashion, accelerating their time to market and enabling their path to software differentiation with high-end ADAS and L4 systems,” said Helm.ai CEO Vlad Voroninski, “This new capital will increase our AI offerings for autonomous driving and robotics applications and expand the commercialization footprint of our cutting-edge AI software stack.”
Brandon Freeman, the founder of the Freeman Group, is joining the Helm.ai board of directors as part of this financing.
Company: Helm.ai Inc.
Raised: $31.0M
Round: Series C
Funding Month: December 2022
Lead Investors: Freeman Group
Additional Investors: ACVC Partners, Amplo, Honda Motor Co., Goodyear Ventures, and Sungwoo Hitech
Company Website: https://www.helm.ai/
Software Category: AI software for Autonomous Driving and Robotics
About the Company: Founded in November 2016 by Tudor Achim and Vladislav Voroninski, Helm.ai is building the next generation of AI software for high-end ADAS, L4 autonomous driving, and robotics. It has re-envisioned the way AI software is built to make truly scalable autonomous driving a reality. The company has continued to enjoy record adoption thanks to its generalized, hardware-agnostic approach to AI for autonomous systems and is well-positioned to secure a growing roster of customers in the months and years to come. Helm.ai is headquartered in Menlo Park, California.
Source: https://helm-ai.medium.com/funding-news-helm-ai-raises-31-million-series-c-financing-33fdc0cab72c