The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe

Toyota AI Ventures launches second $100M fund for robotics, autonomous mobility startups

By The Robot Report Staff | May 2, 2019

LOS ALTOS, Calif. — Silicon Valley-based venture capital firm Toyota AI Ventures today announced Fund II, a new $100 million fund dedicated to investing in early-stage startups developing disruptive technologies and business models in the autonomous mobility and robotics markets.

Led by founding Managing Director Jim Adler, who also serves as executive advisor at the Toyota Research Institute (TRI), Toyota AI Ventures (TAIV) was founded in July 2017 as a subsidiary of TRI. In less than two years, Toyota AI Ventures has invested in a diverse portfolio of 19 startups.

Fund II brings the firm’s total assets under management to more than $200 million to support startups around the world.

“Auto manufacturers must participate in the startup ecosystem to stay ahead of the rapid shift in the auto industry,” stated Adler. “Investing in startups creates long-term relationships that help Toyota explore the latest innovations in mobility.”

Toyota AI Ventures said it looks for early-stage startups across a range of industries that are applying AI, data, and cloud technologies to tackle important problems and create new market opportunities. Existing investments include diverse companies such as:

  • Elementary Robotics — Developing robotics platforms to assist with automating everyday tasks
  • Intuition Robotics — Creating social companion technologies using cognitive AI
  • Joby Aviation — Pioneering an electric vertical takeoff and landing (eVTOL) passenger aircraft service
  • May Mobility — Offering communities a Level 4 self-driving shuttle service
  • Sea Machines — Building autonomous control and navigation systems for the maritime industry

“Toyota AI Ventures has proven themselves to be a valuable partner and mentor to our engineering and executive teams,” said Dor Skuler, co-founder and CEO of Intuition Robotics. “The unique experience of the team as founders themselves make TAIV my first phone call with good news as well as bad, knowing I will get a thoughtful perspective that will help grow our business.”

“We appreciate the approach that Jim and the rest of the team take, of letting founders run their own companies, while remaining accessible,“ said Edwin Olson, co-founder and CEO of May Mobility. “For us, Toyota AI Ventures isn’t just an important investor, they are a critical partner in helping us realize our long-term vision of making transportation safer and more personal.”

May Mobility

May Mobility is creating self-driving shuttles that operate in geofenced areas. (Credit: May Mobility)

Toyota AI Ventures expands entrepreneur search

With Fund II, Toyota AI Ventures said it plans to expand its search for talented entrepreneurs to invest in as part of its mission to help discover what’s next for Toyota.

“The growing interest in automated systems has created great opportunities to improve human lives using AI and next-generation mobility technology,” said Dr. Gill Pratt, CEO of TRI and Toyota AI Ventures investment committee member. “Under Jim’s leadership, Toyota AI Ventures helps us find and invest in tomorrow’s technology leaders by bridging the gap between technology startups and the emerging mobility industry.”

Toyota AI Ventures also said it will use Fund II to continue to strengthen its portfolio services. In addition to offering capital, the firm partners with portfolio companies to provide ongoing support and resources to enable their long-term success, including assistance with product-market fit. Toyota AI Ventures enables them to connect with Toyota’s deep technical expertise and its extensive global network.

“Our startups are our customers, and we strive for deep connections based on a shared vision, common values, and aligned incentives,” said Adler. ”It’s about building relationships that last. Today’s announcement is a demonstration of our long-term commitment to supporting the best entrepreneurs who are creating the next generation of disruptive innovations and businesses.”

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

A graph comparing model size and average benchmark score of LFM2.
Liquid AI releases on-device foundation model LFM2
The global industrial robot market has declined since the COVID-19 pandemic, according to this Interact Analysis graph.
Global industrial robot market contracted 5.8% last year, reports Interact Analysis
The founders of MOTOR Ai, a German self-driving software startup.
MOTOR Ai gets seed funding toward explainable self-driving software
a fanuc robot lines up to deliver shot to cows in milking parlor.
Pharm Robotics advances automated dairy cow healthcare

RBR50 Innovation Awards

“rr
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Robotics Professionals.
The Robot Report Listing Database

Latest Episode of The Robot Report Podcast

Automated Warehouse Research Reports

Sponsored Content

  • How to Set Up a Planetary Gear Motion with SOLIDWORKS
  • Sager Electronics and its partners, logos shown here, will exhibit at the 2025 Robotics Summit & Expo. Sager Electronics to exhibit at the Robotics Summit & Expo
  • The Shift in Robotics: How Visual Perception is Separating Winners from the Pack
  • An AutoStore automated storage and retrieval grid. Webinar to provide automated storage and retrieval adoption advice
  • Smaller, tougher devices for evolving demands
The Robot Report
  • Automated Warehouse
  • RoboBusiness Event
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe