2 years ago

Conigital Raises £500 Million for AI-Powered Driverless Vehicle Development

  • Conigital, a UK-based driverless vehicle startup, has secured £500 million in Series A+ funding, a combination of equity and debt

  • This investment will help Conigital accelerate the development of its AI-powered driverless vehicle technology and driver safety products

  • The company will also initiate a bridge round of £12 million to ensure uninterrupted progress.

      • ProblemTechnology

      "Making driverless vehicle technology more accessible and affordable for commercial fleets, while ensuring safety and scalability."

      Solution

      "Developing a full-stack driverless vehicle platform that can be retrofitted to any vehicle type, using a hybrid explainable AI and simulation-first approach, and complemented by a remote monitoring and teleoperation platform."

      Covered on