Self-driving technology continues to attract robust investment, as two tech star...
- Self-driving technology continues to attract robust investment, as two tech startups, one in San Francisco and one near Tel Aviv, said this week they have raised nearly $200 million to support development and production of lidar sensors for automated vehicles.
San Francisco-based Ouster, whose founders include a former Quanergy executive, said on Monday it raised $60 million, boosting its total funding to $90 million. More than $1 billion in corporate and private investment has been plowed into the sector over the past three years, including a record $420 million in 2018, according to a Reuters analysis of publicly available investment data.
Innoviz has financial backing from Japan’s SoftBank Group Corp as well as auto suppliers Aptiv Plc, Magna International Inc and Samsung Group. Its most recent funding comes from several large investors in China and Israel.
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