FiveAI win equity funding to develop Level 5 vehicle autonomy

A UK start-up developing artificial intelligence and machine learning for fully autonomous vehicles has received $2.7m in equity funding. The funding, led by Amadeus Capital Partners with Spring Partners and Notion Capital, will enable Bristol-based FiveAI to grow its team, step-up its development and begin simulator and road testing of its software. According to FiveAI, early approaches to autonomous vehicles have required accurate, 3D maps built using point cloud technology. In use, each vehicle then correlates against that map to work out where it is and establish a track to follow. The company is now planning a system using much stronger AI and ML to ensure that autonomous vehicles can safely and accurately navigate all environments, including complex urban ones, with simpler maps.  That approach will avoid the need to survey,…

Link to Full Article: FiveAI win equity funding to develop Level 5 vehicle autonomy

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