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New Deal


Announced

Completed

Builders VC led a $21m Series A funding round in SafeAI.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Acquisition

Minority

Cross Border

artificial intelligence

Private

United States

Software

Private Equity

Completed

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Synopsis

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Builders VC, a venture capital firm, led a $21m Series A funding round in SafeAI, a provider of artificial intelligence solutions. The round had participation from investors LTC, DG Ventures, MACA, Vimson Group, Autotech Ventures, Brick and Mortar Ventures, Embark Ventures, Monta Vista and Obayashi. “There’s a tremendous amount of excitement in the autonomy space today; but it’s clear the biggest opportunity for this technology is off-road. With its industry-leading autonomous software, scalable retrofit approach and partner ecosystem, SafeAI is uniquely poised to capitalize on this opportunity. We’re proud to support the company in its next chapter of growth as demand for autonomous heavy equipment continues to skyrocket," Mark Blackwell, Builders VC General Partner.

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