- May 30, 2016
- Posted by:
- Category: FundingSMEs.com
NuTonomy raises $16M in funding to go after its ambitious goal of offering self-driving taxis within two years.
The company was spun out of the Massachusetts Institute of Technology in 2013. It is pioneering self-driving technology for cars — yes, the very kind of vehicle that Uber, Google, BMW, GM/Lyft, China’s Baidu and others are currently developing. Like Otto but unlike the aforementioned big names, NuTonomy retrofits existing cars with the technology to make them driverless.
The latest round is going to let us accelerate our progress. It plans to launch a commercial autonomous taxi service in 2018.
|Founder / CEO||KARL IAGNEMMA|
|Highland Capital Partners|
|Singapore Economic Development Board,|
|Previous Investors||Signal Ventures|