Startup: FiveAI Raises $18 Million For Autonomous Project
While most companies are focused on the core concept of developing autonomous cars, a few others seem to be exploring the opportunities with its counterpart i.e, The Taxi Services. One such company is a British Startup- FiveAI who have raised close to $18 million, in a series A round of funding led by Lakestar Capital.
FiveAI’s ambitious two-part plan to develop an autonomous-driving system along side a software platform, will allow self-driving cars to be used as a taxi service; which is primarily aimed to rival taxi giants – Uber.
Founded out of Bristol in 2015, FiveAI is leveraging artificial intelligence (AI) and machine learning to build the brains and navigation systems to power the autonomous cars of the future.