Israeli autonomous AI startup Cartica AI today announced the completion of its Series B investment round. Among investors are Continental, Toyota AI Ventures, BMW i Ventures, and Israeli venture capital fund OurCrowd. No financial details about the financing round were disclosed.
Tel Aviv-based Cartica AI is a spinoff from Cortica, which was founded in 2007, and has so far raised $70 million. Cortica is developing unsupervised machine learning systems that can understand a vehicle’s environment and identify objects while the vehicle is travelling. The funds raised by Cartica AI will be used to launch its autonomous AI platform, which will increase car safety and reduce accidents. .