City simulator wins venture capital backing as investors seek driverless car exposure

LONDON (Reuters) – Venture capital investors backed Immense Simulations, a British software company which creates interactive replicas of cities, on Tuesday in the latest sign of money pouring into firms that stand to gain from driverless vehicles becoming more mainstream. Immense Simulations raised $4.6 million in its Series A funding round co-led by British venture capital firm Amadeus Capital Partners and Japan’s […]

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Sweden's Veoneer bets driverless car delay will be its gain

STOCKHOLM (Reuters) – Sweden’s Veoneer expects to gain from a commercial delay in self-driving cars, betting that rising demand for its radar and camera-based systems as the industry ramps up to autonomy will boost its market position. Forecasts on when autonomous vehicles will become a commercial reality have been receding, with most analysts now expecting broad-based adoption to take another […]

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Virtual pedestrians pave way to safer roads for driverless cars

GOTHENBURG (Reuters) – A “virtual human” suddenly steps out at a blind bend, but the engineer in the Volvo car’s driving seat on the test track doesn’t flinch, leaving it to software to take evasive action. Private test tracks like the one owned by Sweden’s AstaZero are playing an increasing role as manufacturers like Volvo put self-driving cars through their […]

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Startup Aurora gets $530 million boost to build self-driving cars

SAN FRANCISCO (Reuters) – Self-driving car startup Aurora has raised more than $530 million in fresh funding, bucking recent skepticism by investors and industry players that autonomous vehicle technology has been overhyped. Autonomous driving is one of the most capital intensive startup businesses, and such a large sum of money is critical for Aurora to remain competitive in a field […]

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VW taps Baidu's Apollo platform to develop self-driving cars in China

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Friday said it would join China’s Apollo autonomous driving consortium, which was founded by Baidu, as it seeks to develop self-driving cars for the world’s largest market. Baidu last year opened the Apollo consortium, which uses an open-source approach, to third parties to accelerate development of autonomous vehicles in the face of stiff competition […]

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