Teraki, a Berlin, Germany-based automotive AI startup, raised $2.3m in funding.
Backers included Horizons Ventures and American Family Ventures.
The company, which brought total funding to $5.3m, intends to use the funds to continue to expans operations.
Led by Daniel Richart, CEO and co-founder, and Markus Kopf, co-founder and CTO, Teraki is a provider of embedded, pre-processing software for sensor data in the automotive industry. When embedded in automotive electronic systems, the software enables hardware to process the vast amount of data generated by in-vehicle sensors and control units (ECUs, MCUs, TCUs) to improve vehicle safety and autonomy at lower operational costs.
Teraki has completed several pre-production validations by premium automotive manufacturers, as well as integrations on a variety of microcontrollers.
FinSMEs
27/03/2019