Volvo Group Venture Capital invests in Silicon Valley software firm for autonomous mobility
The investment will fund the development of a safety-certified software framework for autonomous systems.
Volvo Group Venture Capital has invested in Apex.AI, a leading software company in autonomous mobility. The investment will fund the development of a safety-certified software framework for autonomous systems.
Apex.AI, a Palo Alto, California-based company founded in 2017, 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.
“We are excited to invest in a company that enables easier development of safety-certified systems,” says Anna Westerberg, acting CEO of Volvo Group Venture Capital and SVP Volvo Group Connected Solutions.
“Apex.AI has a promising product offering with important commercial deployment potential for autonomous systems,” says Dan Tram, Investment Director of Volvo Group Venture Capital, who is based in Silicon Valley.
The role of Volvo Group Venture Capital is to make investments in innovative companies at the forefront of service orientation as well as product differentiation and to support collaboration between startup companies and the Volvo Group.
RELATED ARTICLES
US tariffs will hurt both automakers and US manufacturing: ACEA
European Automobile Manufacturers’ Association says that the EU and the US must engage in dialogue to find an immediate ...
Trump levies 25% tariff on all cars imported to US
President Donald Trump claims new levy on all cars and car parts shipped into the country will create "tremendous growth...
Hyundai opens its third factory in the US: Metaplant America
Hyundai Motor Group Metaplant America's vehicle assembly and battery plant is the key pillar of the Hyundai Motor Group’...