Media Relations
Company’s fully autonomous system will adopt a perceive-as-it-goes approach to side-step the need to build and maintain detailed prior 3D maps London, UK – July 13, 2016 – FiveAI, a UK start-up which is using artificial intelligence (AI) and machine learning (ML) to accelerate the arrival of fully autonomous vehicles, announces its initial $2.7M of equity funding. The funding, led by Amadeus Capital Partners with Spring Partners and Notion Capital, will enable FiveAI to grow its team, step-up its development and begin simulator and road testing of its software, as the company applies several of the latest AI technologies to solving the most complex problems in the autonomous vehicle space. Early approaches to autonomous vehicles have required accurate, 3D prior maps built using point cloud technology so that at runtime…
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