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JLR Inmotion Ventures Invests in Apex.Ai

Auto News - Published on Thu, 12 Dec 2019

Image Source: Apex.AI
Jaguar Land Rover’s venture capital arm InMotion Ventures announced its investment in Apex.AI. With offices in Palo Alto in California and Munich in Germany, the software startup is preparing to launch its flagship product, Apex.OS, to the automotive sector in early 2020. Apex.AI was founded in June 2017 by Jan Becker and Dejan Pangercic to build a safe and certified version of 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.

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.

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Posted By : Arun Huidrom on Thu, 12 Dec 2019
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