November 16, 2021

Helm AIHelm.ai, which develops next-generation artificial intelligence software for autonomous driving applications, has announced raising $26 million in Series B funding. The funding will help the company serve its growing customer bases, and accelerate product expansion of its highly scalable approach to autonomous driving software.

“Helm.ai is taking a leading position in autonomous driving via their vision-first unsupervised learning approach to ADAS [advanced driver assistance software] and L4 [Level 4], in addition to a wide variety of robotics and automation markets,” said Sheel Tyle of Amplo, which led the funding round. “We’re excited to see the many applications made possible by Helm.ai.”

Unlike traditional deep learning systems, Helm.ai’s Deep Teaching unsupervised learning technology leverages mathematical modeling to quickly and cost-effectively train on large scale datasets with little to no human intervention, leading to state-of-the-art accuracy on several automotive compute platforms. 

“This Series B funding enables Helm.ai to further our mission of developing cutting-edge artificial intelligence software and applying it to self-driving cars and the automation of robotics at large,” said Vlad Voroninski, CEO of Helm.ai. “We are well positioned at this stage to expand our product line and continue to deliver market-leading ADAS and L4 solutions to OEMs and fleets, as well as to form additional partnerships with Tier 1s, sensor, and chip companies.”

Additional funding in this round came from JM Partners, Base Capital Funding, and Freeman Group, as well as from Nicolas Berggruen, ACVC Partners, OneWay Ventures, Binnacle Partners, Nadia Asoyan, Vlad Tenev, Mark Leslie, Jeff Rothschild, and Neil King. The company said it has raised a total of $44 million in funding.

For more information on the company and its technologies, visit the Helm.ai website here.