Silicon Valley-based Apex.AI, which is developing an operating system for autonomous vehicle systems, says it has completed a new funding round that includes unspecified investments from Jaguar Land Rover, Hella and Volvo Trucks.
The startup, which was founded in 2017, previously has attracted investments from Airbus, Canaan Partners, Lightspeeed Ventures and Toyota. Apex plans to use the new funds to launch its flagship operating system next year for automotive applications, and to further develop other products.
In addition to the auto industry, Apex is working on systems for aerospace, commercial vehicle and robotics applications.
While the drive toward full autonomy for vehicles is seemingly picking up speed with announcements from companies with new LiDAR systems or the deployment of deep-learning AI systems in vehicles, and while Bosch is working hard in a number of areas to automate driving, here’s something that is striking that comes out of a study, “Connected Car Effect 2025,” that Bosch and the consulting firm Prognos performed.
Hyundai Mobis is working with SMS, a German tech company that has worked with TRW (now ZF) and Continental, on developing entry-level front and side radars.
You talk with Pete Rander, president of Argo AI, a company that is working with Ford on developing Level 4 autonomous vehicle technology, and as the details become clearer, the enormity of the challenge seems daunting—yet Rander, who has been working on this for some 30 years, seems delighted he and his team are doing it.