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Annotell Raises $24M For Tech That Tests Autonomous Vehicle Perception Systems To Improve How They Work

Feb 03, 2022almost 4 years ago

Amount Raised

$24 Million

Description

As the automotive industry inches slowly ahead on the road to self-driving vehicles, we’re seeing the emergence of startups aiming to fill in some of the technical gaps in autonomous systems as they exist today. In the latest development, Annotell, a startup out of Sweden that makes software to assess the performance of autonomous systems’ perception capabilities, and how to improve that, is today announcing that it has raised $24 million to expand its business.

Company Information

Company

Annotell

About

Daniel Langkilde, the co-founder and CEO of Annotell, likens what the company does to “a vision exam for cars, for them to get their drivers license, just like you might take a test to determine if you are fit for driving,” he said in an interview.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech