Jaguar Land Rover's venture capital arm InMotion Ventures has announced its investment in Apex.AI. With offices in Palo Alto, California, and Munich, Germany, the software startup is preparing to launch its flagship product - Apex.OS - to the automotive sector in early 2020. InMotion joins Volvo Group Venture Capital and HELLA Ventures as one of Apex.AI's most recent strategic investors. Existing investors include Lightspeed Venture Partners, Canaan Partners, Toyota AI Ventures and Airbus Ventures.
Although Apex.OS will initially launch to the automotive sector, the product is application-agnostic and can be used in any safety-critical autonomous system, from off-highway use cases in construction, agriculture, and mining to drones and industrial robotics.
Sebastian Peck, Managing Director, Inmotion Ventures said, "InMotion Ventures is excited to back Apex.AI. Co-founders Jan and Dejan have assembled a highly experienced team to deliver safe and certified software for autonomous mobility, which closely aligns with Jaguar Land Rover's 'Destination Zero' vision for the future of the industry."
For the latest auto news and reviews, follow carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.