Toyota Looking2 May 2019 16:45
https://www.cnbc.com/2019/05/02/toyota-to-invest-100-million-in-autonomous-driving-and-robotic-startups.html
Toyota is creating a $100 million venture fund to invest in autonomous driving and robotic technology start-ups as automakers increasingly push into the self-driving market, the company announced Thursday.
Toyota AI Ventures, a Silicon Valley-based subsidiary of Toyota, plans to invest the money into early-stage startups that developing “disruptive” technologies in those fields, the company said.
“Auto manufacturers must participate in the startup ecosystem to stay ahead of the rapid shift in the auto industry,” Jim Adler, managing director of Toyota AI Ventures, said in a statement.
The company said the fund is part of Toyota’s mission to help “discover what’s next” for Japan’s biggest automaker. Toyota’s AI venture fund has already invested in 19 different start-ups over the last two years, bringing its total funding commitment to autonomous driving technology to $200 million, the company said.