8 years ago

MindTrace Raises €1.3 Million to Develop Self-Learning AI for Autonomous Vehicles

  • Manchester-based AI startup MindTrace has secured €1.3 million in seed funding from Accelerated Digital Ventures and the Northern Powerhouse Investment Fund

  • The company, founded by leading academics and industry experts, focuses on developing 'unsupervised learning' AI systems

  • The funding will support MindTrace's research and development efforts, including the creation of an advanced collision avoidance system for autonomous vehicles

      • ProblemTechnology

      "Current AI systems rely on supervised learning, which requires vast amounts of labeled data and can be slow and inefficient. This limits their ability to adapt to new situations and learn from complex, unstructured data."

      Solution

      "MindTrace is developing AI systems that can learn independently, without the need for human supervision. This 'unsupervised learning' approach allows machines to learn from real-world data and adapt to changing environments, leading to more robust and intelligent AI applications."

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