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Tag Archives: strategic investment

Autonomous vehicle technology company Nauto receives investment of $159 million

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Nauto has closed a $159 million Series B financing round, led by a subsidiary of SoftBank Group Corp. and Greylock Partners. Other participants include previous strategic investors BMW iVentures, General Motors Ventures, Toyota AI Ventures and the venture unit of global financial services and insurance provider Allianz Group, and Series …

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JLR invests $25 million in Lyft

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Lyft announced that Jaguar Land Rover is making a $25 million investment through its mobility services arm, InMotion Ventures. The company has said that it will use the cash influx to support further expansion in the U.S. as well as fund development of self-driving technology. Moreover, Lyft will also get …

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Ford invests $1 billion in Argo AI, an artificial intelligence company

Ford

Ford is investing $1 billion during the next five years in Argo AI, combining Ford’s autonomous vehicle development expertise with Argo AI’s robotics experience and startup speed on artificial intelligence software – all to further advance autonomous vehicles Founded by former Google and Uber leaders, Argo AI will include roboticists …

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