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Temasek led a $101m Series C round in Autobrains.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

autonomous driving

Private Equity

Acquisition

Venture Capital

Cross Border

Israel

artificial intelligence technology

Auto Technology

Private

Completed

Friendly

Single Bidder

Synopsis

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Temasek, a global investment company headquartered in Singapore, led a $101m Series C round in Autobrains, a developer of first-of-its-kind self-learning artificial intelligence technology. "The promise of fully autonomous vehicles can feel like its perpetually five years away, but not for Autobrains. Our self-learning AI technology will bring full autonomy closer to the present. By reducing the need for manually labeled training data that feed systems which miss or misinterpret the most challenging scenarios, our technology is more agile and on a steeper trajectory than our competitors' systems. With this latest round of funding, we're excited to grow our commercial reach and bring self-learning AI to additional markets," Igal Raichelgauz, Autobrains CEO.

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