News, Startup

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.

Startup: FiveAI Raises $18 Million For Autonomous Project

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