What is Apex.AI?
Apex.AI is at the forefront of autonomous vehicle technology, developing a robust operating system, Apex.OS, designed to manage the complexities of self-driving systems. The company also offers Apex.Autonomy, a suite of algorithms that power autonomous capabilities. By providing foundational software and advanced algorithms, Apex.AI aims to accelerate the development and deployment of safe and reliable autonomous vehicles, catering to a market increasingly focused on intelligent mobility solutions.
How much funding has Apex.AI raised?
Apex.AI has raised a total of $72.5M across 3 funding rounds:
Series A
$15.5M
Debt
$516K
Series B
$56.5M
Series A (2018): $15.5M with participation from Volvo Group Venture Capital AB and Canaan
Debt (2021): $516K led by PPP
Series B (2021): $56.5M supported by InMotion Ventures, Orillion, Continental, and Airbus Ventures
Key Investors in Apex.AI
InMotion Ventures
InMotion Ventures is an investment firm that focuses on early-stage startups addressing significant enterprise challenges, particularly in the climate, industrial, and enterprise sectors. They provide collaborative support and insights to founders, leveraging their relationship with Jaguar Land Rover to enhance their portfolio's growth and impact.
Orillion
Orillion specializes in innovative solutions aimed at safeguarding the environment, offering world-leading products and services that create better spaces for people, nature, and the world. Their offerings include pest control products and services, focusing on public health, agricultural sustainability, and disease eradication.
Continental
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation.
What's next for Apex.AI?
With the backing of major enterprise-level investment, Apex.AI is poised for significant expansion and technological advancement. The company's strategic focus will likely involve scaling its operations, further refining its Apex.OS and Apex.Autonomy offerings, and forging key partnerships within the automotive and technology industries. This substantial capital injection signals a commitment to achieving widespread adoption of its autonomous driving solutions and solidifying its market leadership in a rapidly evolving landscape.
See full Apex.AI company page
