Compredict, a Darmstadt, Germany-based company which specializes in AI-powered solutions for software-defined vehicles, raised $15M in Series B funding.
The round was led by Woven Capital, Toyota’s growth fund, with participation from existing investor Shift4Good.
The company intends to use the funds to expand its global footprint, diversify its product offerings, and enhance large-scale deployment capabilities.
Led by Dr. Stéphane Foulard, and Rafael Fietzek, Compredict provides solutions for sustainable mobility. By developing virtual sensors for mobility, it enables automakers around the world to optimize vehicle design, usage and maintenance while delivering greater value to customers via new features and lower cost. The company’s AI process turns existing vehicle data into virtual sensor insights for a wide range of applications, including predictive maintenance, driver coaching and car health certificates, all while informing improved car design to meet real-world conditions and usage.
Commenting on the news, Stéphane Foulard said: “Our team is well positioned to rapidly expand and provide automakers with valuable data-driven insights. We remain committed to advancing cutting-edge AI technologies in the automotive industry and help automakers realize their vision for vehicle-centric apps and digital services that deliver value to consumers.“
FinSMEs
25/06/2024