INMOTION VENTURES INVESTS IN APEX.AI ALONGSIDE VOLVO GROUP VENTURE CAPITAL AND HELLA VENTURES
>> InMotion Ventures, Jaguar Land Rover’s venture capital arm, announces its investment in Apex.AI, a leading software company in autonomous mobility
>> Apex.OS, an automotive-grade version of ROS, will launch to the automotive market in early 2020 and expand to other safety-critical autonomous systems
London, UK – Jaguar Land Rover’s venture capital arm InMotion Ventures announces 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.
Apex.AI was founded in June 2017 to build a safe and certified version of ROS (Robot Operating System), which is currently the de-facto standard in robotics and autonomous systems research. 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.
It’s a testament to our work to have InMotion Ventures invest in our company. We founded Apex.AI on the premise of developing technology that can launch into products within three years to make mobility safer and more reliable. InMotion’s strategic investment will accelerate the development of Apex.OS, enabling Apex.AI’s customers to meet aggressive timelines in taking R&D projects into certified products.
JAN BECKER, CEO AND CO-FOUNDER, APEX.AI
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. We have the ambition to make our societies safer and our environment cleaner. With investments in companies like Apex.AI, our journey toward Destination Zero has already begun.
SEBASTIAN PECK, MANAGING DIRECTOR, INMOTION VENTURES
Apex.AI was founded in 2017 by Jan Becker and Dejan Pangercic and is based in Palo Alto, California, and Munich, Germany. The company is building an automotive-grade version of ROS (Robot Operating System), an established open source software framework commonly used in robotics and autonomous systems research. By providing a safer and more reliable version of ROS that will be certified according to the functional safety standard ISO 26262, Apex.AI enables companies to take their autonomous vehicle projects into production.
At InMotion, we are shaping the future of transport, mobility and travel. Powered by Jaguar Land Rover, we're dedicated to investing in and inventing innovations that will change the way we move.
InMotion’s venture capital arm invests in high-growth companies in the mobility, transport, travel and digital lifestyle sector. We invest globally in start-ups at all stages.
InMotion’s mobility services arm develops innovative and premium solutions, in the mobility, transport and travel sector, collaborating with Jaguar Land Rover to provide unforgettable experiences for new and existing customers. Learn more about InMotion, please see: inmotionventures.com
VOLVO CARS AND CHINA UNICOM COLLABORATE ON 5G COMMUNICATION
Volvo Cars and leading telecom provider China Unicom are joining forces on using 5G next generation ...
CUBIC TELECOM PARTNERS WITH ARRIVAL
Cubic Telecom partners with British automaker Arrival to deliver intelligent connectivity software to their electric vehicle fleets.
One year ago, Waymo became the first and only company in the world to launch a public self-driving ride-hailing service. We now have ...
CERENCE INTRODUCES NEW FEATURES IN CERENCE DRIVE
New capabilities such as enhanced voice recognition and synthetic speech serve as the foundation for a safer, more ...
MOBILEYE AND NIO PARTNER TO BRING LEVEL 4 AUTONOMOUS VEHICLES TO CONSUMERS
Mobileye, an Intel company, and NIO, a pioneer in China’s premium electric ...
5GAA LIVE DEMOS SHOW C-V2X AS A MARKET REALITY
Smart mobility technology is a reality today, with ‘Cellular Vehicle-to-Everything’ (C-V2X) allowing connected vehicles to ...
THE LATEST ROBOSENSE LIDAR PERCEPTION SOLUTION WILL SUPPORT ROBO TAXI DEVELOPMENT
A Developed And Complete RS-Fusion-P5 Was Launched In Markets ...
GM CRUISE - BUILDING SELF-DRIVING HARDWARE AT SCALE
A famous and frequently paraphrased truism is that if you’re really serious about software, you should make your own ...