$50M to Drive Drive.ai’s Growth
CA-based Drive.ai announced that it has raised $50M in a Series B round led by NEA with participation from GGV, bringing its total funding to date to ~$62M. The Silicon Valley startup, which was established in 2015, is building the brain for self-driving vehicles. According to a blog posted on Medium, it plans on using its technology to mobilize enterprises. Bottom Line: 70 employees. 3 different vehicle types. 5 total autonomous vehicles.
Recall 2017 insurance-related investments here.