Netradyne Raises $21 Million, Accelerating Artificial Intelligence Innovation and Improving Road and Driver Safety
Netradyne, a leader in artificial intelligence (AI) technology focusing on driver and fleet safety, has announced $21 million in new Series B funding.
Investors in this round include Reliance Industries Limited (through its subsidiary RIIHL) who previously invested $16 million during Netradyne’s Series A round of funding, M12, Microsoft’s corporate venture arm, and Point72 Ventures. M12 led the investment round and will now hold a role on the board, bringing additional resources and expertise focused on scaling the company.
Toyota and SoftBank Team Up in an Autonomous Car Project
Toyota is teaming up with SoftBank on an autonomous mobility project called Monet. Monet—short for “mobility network”—will combine Toyota’s Mobility Services Platform and information infrastructure for connected vehicles with SoftBank’s Internet of Things platform.
Both Toyota and SoftBank hold investments in ride-hailing firms Uber, Grab and Didi Chuxing, but this is their first significant collaboration. “The mobility company is just the first step,” SoftBank founder Masayoshi Son said on stage with Toyota President Akio Toyoda. “There will be a second and third and I hope that the connection will deepen going forward.”.
Read the article at Forbes.
Remarketing, Fleet and Younger Buyers
Younger buyers are increasingly willing to buy remarketed vehicles online and sight-unseen - but earning and keeping their trust is critically important.
Honda Teaming Up With GM To Create Dedicated Self-Driving Vehicle
General Motors and its Cruise Automation subsidiary have been leaders in the automated driving space in recent years, while Honda has definitely been lagging behind, taking a more cautious approach to deployment. That’s about to change as Honda, GM and Cruise have just announced that they will jointly develop a new purpose-built automated vehicle to produced and scale and deployed globally.
Honda will become the second outside investor in GM Cruise LLC, joining the Softbank Vision fund which earlier this year announced an investment of up to $2.25 billion in the GM subsidiary. Honda will make a $750 million equity investment in GM Cruise. Honda has also committed to spending $2 billion through 2030 on the joint initiatives with GM Cruise. The new investment brings the valuation of GM Cruise to $14.6 billion.
Read the article at Forbes.
An Unrelenting Focus on Technology, Telematics and Data
Donlen has an unrelenting focus on getting the best data possible - via powerful technology and strong telematics programs.
