Ottometric, a Boston, MA-based software company specializing in AI-powered advanced driver assistance systems (ADAS) validation, has raised $10 million in Series A funding.
Investors
The round was led by Schooner Capital, with participation from existing investors Rally Ventures and Proeza Ventures, and new investors PS27 and Somersault Ventures.
Schooner Capital, established in 1971, is a private investment firm based in Boston, Massachusetts. The firm specializes in venture capital and public securities on U.S.-based companies in the healthcare and technology sectors. Schooner Capital operates as a family office, managing approximately $300 million in assets.
Ottometric Use of Funds
The company will use the funds to support its growth and advance the development of its ADAS validation platform.
About Ottometric
Founded in 2019 and led by CEO Joseph Burke, Ottometric provides an AI-powered advanced driver assistance systems software platform that automates and streamlines the validation and training processes, reducing costs, time, and complexity. Its proprietary data distillation technology processes vast amounts of sensor data, providing structured insights that enhance system accuracy and safety. Headquartered in Boston, with offices in the U.S. and Europe, Ottometric serves automakers, Tier-1 suppliers, and Original Equipment Manufacturers (OEMs) in the automotive industry.
Funding Details
Company: Ottometric, Inc.
Raised: $10.0M
Round: Series A
Funding Date: April 2025
Lead Investor: Schooner Capital
Additional Investors: Rally Ventures, Proeza Ventures, PS27, Somersault Ventures
Company Website: https://ottometric.com/
Software Category: AI-ADAS Validation
Source: https://www.prweb.com/releases/ottometric-secures-10m-series-a-financing-to-advance-ai-powered-adas-validation-302423763.html