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SafeAI introduced that it introduced in $38 million in Series B funding. The firm gives robotic retrofit kits for building and mining automobiles.
SafeAI plans to make use of the funding to speed up its autonomous car know-how roadmap and to scale operations globally to help its rising buyer base and ship on contractual milestones. The firm plans to develop its developer and engineering groups. SafeAI particularly desires to fill the place of Chief Technology Officer to steer its efforts within the autonomous car engineering area.
“Autonomy has existed in mining for more than two decades—but its growth has stalled when it needed to skyrocket. I founded SafeAI to change that,” Bibhrajit Halder, founder and CEO at SafeAI, mentioned. “We’ve designed a flexible, interoperable, scalable retrofit model to enable companies across heavy industry to uplevel their operations. The mining industry has been successfully implementing Autonomy on a limited scale for years. Our approach is purpose-built to finally accelerate autonomous accessibility and deployment on a significant scale. This funding is just the beginning of our next chapter of expansion and growth.”
The funding spherical included participation from Builders VC, McKinley Management, George Kaiser Family Foundation and Energy Innovation Capital. Moog Inc additionally joined the spherical as a strategic investor. Existing buyers Autotech Ventures, Brick & Mortar Ventures, Embark Ventures, Newlab and Vimson Group additionally participated within the spherical.
“Moog Inc. is focused on enabling productivity, safety and sustainability when performance really matters. Our autonomy solutions transform equipment into high integrity robots, enabling autonomous operations in challenging environments,” Joe Baldi, Director of Strategy and Partnerships for the development sector of Moog Inc, mentioned. “Through this investment in SafeAI, we can collaborate to accelerate the adoption of autonomy for heavy equipment and help companies across construction and mining realize the benefits to their operations”
SafeAI’s retrofit kits equip aftermarket automobiles and fleets with autonomous capabilities, no matter producer or car sort.
In 2022, Safe AI introduced partnerships with MACA to deploy 100 mining vans, Siemens on a collaboration for car electrification and autonomy and Obayashi Corporation, to develop options for building. The firm has staff within the U.S., Australia, Japan and India, and was in a position to greater than double its headcount in 2022.