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Home > News > Industry News > Nauto raises $159m Series B

Nauto raises $159m Series B

  • Author:Ella Cai
  • Release on:2017-07-19
Driverless car start-up Nauto has raised a $159 million Series B led by Softbank and Greylock Partners.

Its Series A in April in 2016 raised $12 million.

Other investors are GM, BMW, Toyota and the insurance company Allianz but the company has yet to become a Unicorn, says CEO Stefan Heck.

Nauto collects information about driverless driving by using smart cameras to assess road conditions and traffic situations.

It expects to have accumulated a billion miles of driverless driving data over the next 12 months..