Without any human guidance, self-driving cars have to be able to operate on roads very reliably and safely. Security risks, bugs, or system interruptions have to be very rare to make sure self-driving cars provide safe rides.
Palo Alto-based Apex.AI is working on addressing such challenges using optimized robotics software. To maintain its progress, the startup completed a Series A financing round earlier this month. The event raised a total of $15.5 million and welcomed two new investors to the business.
Apex.AI offers a robust modular software stack that caters to integration with third-party automotive software. Instead of focusing on peak performance, the startup is striving for increased dependability through the following products: Apex.OS and Apex.Autonomy.
Series A Funding Round
The Series A round welcomed new investors, which was led by venture capital firm Canaan Partners. Lightspeed Venture Partners also participated in the financing event. Prior to the funding round, Apex.AI was operating in stealth mode.
With headquarters in California, Canaan Partners has investments spread out in pharmaceuticals and medical technology. In the automotive industry, the firm has participated in several events, including a seed round launched by Drivetime. The startup is developing a platform that enables passengers to play games inside vehicles.
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