Self-driving cars, a concept previously thought to exist only in the world of science fiction, are now running around the world. It is not surprising that microprocessor solutions and radar technology have been changing with each passing day in recent years, and it is expected to be able to achieve autonomous vehicles (commonly known as self-driving cars). Mobile technology has been upgraded to a level where ultra-light devices can make decisions based on self-improving algorithms.
Although this exciting revolution has accelerated the pace, a major factor contributing to the slow growth of self-driving cars around the world is a lack of trust in their safety. Tesla (Tesla) and Uber (Uber) 's recent report on fatal accidents in self-driving cars is a case in point. Let's take a look at the national statistics on their trust in self-driving cars from more than 1,000 consumers in each country over the years.
Despite the setbacks, the autonomous car industry is constantly improving its methods and adjusting inefficiencies in its operations. They are currently on the brink of an earth-shaking development in today's world and are expected to be fully put into use in the next few years.
From a financial point of view, the autonomous car market is valued at $54.23 billion in 2019. However, the industry expects a compound annual growth rate of 39.47 per cent from 2019 to 2026 and will reach $556.67 billion by 2026.
Some unicorns, such as Argo AI, Horse Zhixing, Waymo, BMW, Horizon Robotics and Nuro.ai, have to be mentioned when discussing the autonomous automobile industry. However, this article focuses on start-ups with high growth potential that will become world-renowned leaders in the field of autonomous cars. These startups were selected based on an assessment of the size of their market, their good performance in several parameters, well-known investors and future growth prospects.
Wayve
Wayve uses end-to-end deep learning systems to develop artificial intelligence capable of complex driving. They offer data-driven systems that are fully autonomous at every level to learn how to drive. Their solutions can be expanded in different urban environments. Wayve manages a fleet of electric vehicles suitable for independent operation and technology development.
Highlights:
Founders: AlexKendall and AmarShah
Establishment date: 2017
Headquarters: London, UK
Financing amount: $43 million
Number of investors: 13
Financing status: round A
Einride
Einride is a freight mobile start-up that develops and designs solutions for transportation systems. The startup takes logistics in a new direction, providing smart, autonomous and electric freight mobility solutions for carriers and shippers.
Highlights:
Founders: Filip Lilja, Linnea Kornehed and Rober Falck
Establishment date: 2016
Headquarters: Stockholm, Sweden
Financing amount: $42.3 million
Number of investors: 8
Financing status: unknown
Kodiak Robotics
Kodiak Robotics is a start-up that provides proprietary technology for long-distance trucking. They have developed their own technology to push the transport of goods forward so that individuals, partners and the planet can thrive. Compared with urban streets, the navigation of highway environment is faced with completely different challenges. Kodiak's experienced team has created the industry's most advanced technology for long-distance trucks.
Highlights:
Founders: Don Burnette and Paz Eshel
Establishment date: April 2018
Headquarters: mountain View, California, USA
Financing amount: $40 million
Number of investors: 4
Financing status: round A
RideOS
RideOS is an independent car company dedicated to accelerating the launch of the world's next generation of safe vehicles. They have developed cutting-edge traffic maps and market-competitive technologies. Today, its self-driving vehicle routing service and ETA engine are used by mobile services companies to provide on-demand transportation. RideOS is made up of highly talented and experienced engineers who work with top organizations such as Apple, Uber, Tesla and Google.
Highlights:
Founder: Chris Blumenberg & Justin Ho
Establishment date: June 2017
Headquarters: San Francisco, California, USA
Financing amount: $34 million
Number of investors: 8
Financing status: round B
Bestmile
Bestmile is a fleet orchestration start-up that deploys, manages and optimizes human-driven fleets and AV for mobile providers. The cloud platform allows optimization and intelligent operation of autonomous mobile services. Bestmile's on-demand independent mobility solution is used daily in open roads and pedestrian zones in urban centers on four continents. They also provide a highly scalable cloud technology that takes full advantage of the potential of autonomous vehicles to address global mobility challenges. Bestmile aims to provide a mobile platform that enables operators to support multi-mode, multi-service products in a barrier-free, secure, efficient and profitable manner. They achieve this goal by combining autonomous vehicles in the existing transportation system with traditional vehicles.
Highlights:
Founder: Anne Mellano & Raphael Gindrat
Date of establishment: January 28, 2014
Headquarters: San Francisco, California, USA
Financing amount: $33.5 million
Number of investors: 15
Financing status: round B
CARMERA
CARMERA is a startup that provides real-time 3D maps and navigation key information for self-driving vehicles and 3D scene reconstruction and site analysis data for experts in facilities, construction, real estate and other environmental fields. Their geospatial data pipelines and machine vision systems extract rich textures and insights for self-driving vehicles and building environment data customers, while making vehicles on city streets safer and follow privacy best practices. CARMERA seeks to automate cities by managing the world's most powerful real-time, street-level intelligent platform and make it accessible to everyone.
Highlights:
Founder: Justin Day & Ro Gupta
Establishment date: 2015
Headquarters: Brooklyn, New York, USA
Financing amount: $27.1 million
Number of investors: 9
Financing status: round B
Cognata
Cognata provides a simulation platform for self-driving and ADAS training and verification for the self-driving car industry, which can reproduce the sensor input of vehicles in real-world city models on a large scale, generate relevant edge conditions, and speed up the development and verification of self-driving systems for self-driving vehicles.
Highlights:
Founder: Amiad Solomon & Dan Atsmon
Establishment date: June 2016
Headquarters: Rehovot, Israel
Financing amount: $23.5 million
Number of investors: 5
Financing status: round B
EasyMile
EasyMile is a high-tech start-up focused on providing software support for self-driving cars and last mile smart mobile solutions. EasyMile, with 70 passionate employees, is a private start-up that is growing organically at a sustained rate.
Highlights:
Founder: Gilbert Garnell
Establishment date: 2014
Headquarters: Toulouse, Midi Pyrenees, France
Financing amount: $26.2 million
Number of investors: 3
Financing status: round B
Civil Maps
The Civil Maps sensor agnostic (sensor-agnostic) platform allows large-scale, high-precision, low-cost 3D HD mapping and localization. Their technology is used by automotive OEMs, cartography organizations and mobile service providers to enhance their self-driving solutions by using localization technology. Civil Maps also allows autonomous vehicles to develop and use their own "mental model" world. They can develop and design through the most cost-effective, scalable, and powerful systems currently known in the industry.
Highlights:
Founders: Anuj Gupta, Fabien Chraim, Scott Harvey and Sravan Puttagunta
Establishment date: September 25, 2013
Headquarters: San Francisco, California, USA
Financing amount: $17.1 million
Number of investors: 21
Financing status: round A
Brodmann17
Brodmann17, an autonomous automotive start-up, uses cutting-edge technology to develop a new architecture that enables deep learning applications to understand the environment in real time. The startup is made up of researchers, technologists and serial entrepreneurs. Their software framework uses existing hardware to achieve high performance and precision, and only a fraction of the computer power on any processor.
Highlights:
Founder: Adi Pinhas, Amir Alush & Assaf Mushinsky
Establishment date: November 9, 2016
Headquarters: Tel Aviv, Israel
Financing amount: $15.2 million
Number of investors: 7
Financing status: round A
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