Toyota AI Ventures to Fund Robotics, AV Tech

May 3, 2019
Toyota AI Ventures, a subsidiary of Toyota Research Institute has a $100 million fund that will focus on investing in robotics and autonomous technology startups.

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.

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