Mighty Crow can help your organization to collect and analyze meaningful data to help uncover problems and other variables. At the end of July, Uber acquired the Mighty AI startup in Seattle. While the terms and amount have not been disclosed yet, both the companies confirmed to this development. Mighty AI had raised $27 million from investors including Intel Capital, GV, Foundry Group, Madrona Venture Group, and New Enterprise Associates (NEA). San Francisco, CA. … We’d also like to tell you about our mission and how you can help us fulfill it. Board members included Oren Etzioni; Greg Gottesman; Jason Mendelson; and S. “Soma” Somasegar. To that end, we are investing in a range of initiatives to increase the democratization of data.”. After the news of Apple acquiring Drive.ai broke out, there is another big news for the self-driving vehicle space. Developer of an AI platform designed to train computer vision systems for autonomous driving. Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. Nakhuda will join Uber following the deal; Mighty AI President Isaac Kato, hired last year, will not. “Many experts see self-driving cars as being years, if not decades, away from full deployment,” wrote Andrew J. Hawkins at The Verge. The investment comes at a time when global automakers, technology firms, startups and investors - including Tesla, Alphabet Inc's Waymo and Uber - are pouring capital into developing self-driving vehicles. The startup relaunched under its new name in 2017 when it raised $14 million in a Series B financing round and honed in on selling “training data as a service.” It still used the insights of people to help make AI engines stronger — for example, identifying objects along the road that could be potential obstacles — and operated the Spare5 app. In an effort to make good on its promise to roll-out self-driving rides by 2020, Uber has just acquired Seattle-based startup Mighty AI. 0000 0000-00-00. Sometimes partnerships are best sealed with an acquisition, the powerful purchasing the meek. Srishti currently works as Associate Editor at Analytics India Magazine. Are 5G Tyres A New Frontier In Autonomous Driving? Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic. Duncan Riley. Rumors that Drive.ai was looking for a buyer emerged in February with a report June 6 claiming that the company was in talks with Apple. It had raised $27 million from investors including Intel Capital, GV, Foundry Group, Madrona Venture Group, and New Enterprise Associates (NEA). “The team at Mighty AI has built technology to label at scale using the latest AI and user experience techniques,” Jon Thomason, vice president of software engineering for Uber’s Advanced Technologies Group, said in a statement. The Company's platform includes labeled datasets from automotive OEMs, suppliers, and startups, enabling companies to improve their training data for computer vision and natural language AIs. Fremont-based Pony.ai, which is also backed by Sequoia Capital China and Beijing Kunlun Tech Co, plans to use the funding to develop technology and expand its fleet. It is interesting to note that Uber has been working on autonomous vehicle technology for several years and this move comes in a bid to strengthen its research further in this area. The transportation giant invested $457 million last year in the company’s Pittsburgh-based Advanced Technologies Group, which oversees self-driving tech. Show your support for our mission with our one-click subscription to our YouTube channel (below). As you know, last year Uber invested $457 million in Advanced Technologies Group, which specializes in self-driving technology. If that’s the case, it’s likely that the acquisition price was significantly lower than the $200 million at which Drive.ai was last valued. Photo: Mighty AI The department of self-driving technologies has been developing in Uber for several years, and we will see the result on the roads in 2020. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money.
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