May Mobility, a Michigan-based startup developing autonomous shuttle services, closed a $50 million Series B round that was led by Toyota Motor Corporation. SPARX Group and returning investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures also participated in the round. May Mobility said the funding will help expand its…
Toyota AI Ventures is looking for innovative startups for its second $100 million fund. Learn about its criteria, the types of companies receiving investment, and Toyota's outlook for the short and long term.
Robotics investments totaled at least $4.3 billion in February 2019 in a steep increase from January, which had about $1.4 billion. In addition, companies reported approximately $3.9 billion worth of acquisitions this past month. Any political or economic jitters have not yet harmed the mood for robot deals. The Robotic Industries Association noted yesterday that robot…
After last week’s $582 million in funding for autonomous vehicle companies, you might think that driverless investment would coast for a while. However, this week saw more than $1 billion in support for developing self-driving cars and trucks. President’s Day is traditionally the time for car sales, but the automakers and big technology companies are…
