GIVEAWAY: TEAMGROUP T-Force VULCAN Z SATA III SLC 2TB SSD, two up for grabs!

Toyota spends $100 million on AI, robotics startups

Toyota AI Ventures, a new VC subsidiary that focuses on AI/robotics/autonomous car tech startups.

Published Jul 12, 2017 3:22 AM CDT   |   Updated Tue, Nov 3 2020 11:54 AM CST
1 minute & 9 seconds read time

Toyota has just announced its new Toyota AI Ventures initiative, which is a new venture capital subsidiary that will eye down tech companies that are working on AI. The new fund has already received a $100 million injection of funds from the Toyota Research Institute (TRI), which is an AI/robotics/autonomous car-focused initiative the Japanese carmaker started in 2015.

Toyota spends $100 million on AI, robotics startups | TweakTown.com

Toyota AI Ventures will focus its investments directly into AI, robotics, autonomous vehicles, as well as data and cloud technology. It w ill also offer companies that it invests in both mentorship, and support at its HQ in Silicon Valley. TRI VP Jim Adler said in a statement: "One of the biggest challenges entrepreneurs face is knowing if they're building the right product for the right market. We can help them navigate that uncertainty, and we're committed to doing so in a founder-friendly way because their success is our success".

This new venture will be a little different, with TRI not just waiting for pitches from investors, but it will look for, and support companies that are on the path towards solving something Toyota is interested in. TRI has already funded 3 startups, with Silicon Valley-based Nauto, a company that designs systems for companies that monitors their driver and road environments to stop accidents or bad driving.

The second startup TRI has funded is SLAMcore in the UK which is working on algorithms for smart tech including drones and self-driving cars, a technology that SLAMcore can use to map their surrounds and position the cars and drones around it. The last company is Intuition Robotics, which is a social companion tech startup in Israel.

An interesting future for Toyota, that's for sure.

NEWS SOURCE:engadget.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles