Toyota AI Ventures to Fund Robotics, AV Tech
May 3, 2019—Toyota AI Ventures, a subsidiary of Toyota Research Institute, has a new $100 million fund that will focus on finding and investing in early-stage robotics and autonomous technology startups, reported TechCrunch.
Toyota AI Ventures is a newcomer to the automotive scene. Still, it’s managed to invest in 19 startups since launching in 2017, including Nauto, autonomous shuttle company; May Mobility, social companion cognitive AI startup Intuition Robotics; and Joby Aviation, the electric vertical takeoff and landing passenger aircraft service.
Its investments have been directed at companies applying AI, data, and cloud technologies to autonomous mobility and robotics.