Self-driving truck Startup Embark raises $15 Mn from Data Collective and others.
19th, July 2017 - International news
Embark, Startup which is focused on developing self-driven truck raised $15 M from Data Collective, and includes participation by YC Continuity, Maven Ventures and SV Angel.
Embark first broke cover back in February, when it revealed trucks equipped with its neural net-based deep learning approach to autonomous trucking. The start up’s also revealing a team-up with heavy equipment manufacturer Peterbilt today, which will help it roll out its new group of test trucks.
The funds will be used to expand the talent base in their engineering team, and bring new trucks and equipment’s to the development centre.
Embark is also focusing on handling freeway driving, with a human driver on board who navigates city streets. Still, taking the freeway scenarios out of their hands should eventually mean that drivers can do more loads per day, increasing efficiency, cutting cost and addressing demand for trucking that is outpacing driver supply.
(The first development reported in Techcrunch)
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