After a $159M Investment There May Be a Future For Nauto
Palo Alto-based startup Nauto announced it has raised $159M in a Series B round led by Greylock Partners and SoftBank, bringing its total funding to date to $173.85M . Nauto is an autonomous vehicle technology system that offers an artificial intelligence-powered connected camera network and smart cloud system for its clients. It identifies dangers and alerts the drivers, and provide coaching and feedback at the end of each trip. See.
Also, last year it partnered with three automakers and one Allianz, which BTW is also an investor in the company yet did not participate in this round. Bottom Line: all of a sudden, there’s a future for Nauto.
Recall 2017 insurance-related investments here.