BMW and Toyota invest in Israeli autonomous AI startup Cortica
With over a decade of computer vision research and development, and protected by over 200 patents, Cartica AI focuses on increasing the safety of cars and lowering casualties on the motorways.
Israeli autonomous AI startup Cortica has partnered with BMW and Toyota to form an artificial intelligence venture for self-driving cars called Cartica AI, the company announced today.
Participation in the new spinoff company also includes auto supplier Continental and investment group OurCrowd. The investment was for an undisclosed sum.
Following over a decade of computer vision research and development, and protected by over 200 patents, Cartica AI focuses on increasing the safety of cars and lowering casualties on the motorways.
The funds will be used to launch its platform and scale its global operations with a focus on increasing the safety of cars and lowering casualties on the global motorways.
Cartica AI Co-founder and CEO Igal Raichelgauz said: “Our goal is to introduce a novel, yet proven, AI approach to the automotive industry, which will pave the way for a safer and more autonomous transportation.”
According to Raichelgauz Cartica AI pursues an entirely novel approach to the conventional AI approach of supervised deep learning, which is heavily based on human-labeled data. “This labeling process is time-consuming, expensive and unreliable for edge-case scenarios,” he said. “In contrast to deep-learning, Cartica AI enables unsupervised learning from real-world data, resulting in an unprecedented accuracy in edge cases and challenging scenarios. Cartica AI’s platform is based on already mature technology.”
As the automotive industry is transitioning towards enhanced autonomy, incorporating new AI capabilities, such as the ability to predict road behavior and better understand the scene’s contextual elements, Cartica AI is providing these next generation AI capabilities to the industry, while using affordable computational resources of an average car.
Read more about: Autonomous, Cars, Cartica AI, Cortica, Israeli Startups
