TechTaffy

tech:

taffy

NuTonomy Completes $16M Series A Funding

By TechTaffy Desk

NuTonomy, a Cambridge, MA-based company developing software for self-driving cars, has completed a $16 million Series A funding. The investment was led by Highland Capital Partners. Previous investors Fontinalis Partners and Signal Ventures also participated in the round, along with EDBI, the dedicated corporate investment arm of the Singapore Economic Development Board, and Samsung Ventures.

NuTonomy says it will launch an autonomous taxi service commercial offering in 2018. In addition to Singapore, nuTonomy is operating self-driving cars in Michigan and the United Kingdom, where it tests software in partnership with automotive companies like Jaguar Land Rover.

Watch NuTonomy in action:

Just in

AI

DHS establishes AI safety and security board

The Department of Homeland Security (DHS) has established an Artificial Intelligence Safety and Security Board (the board). The inaugural members include CEOs and executives from companies like OpenAI, Anthropic, Delta Air Lines, IBM, Nvidia, Microsoft, Adobe, Amazon Web Services, Advanced Micro Devices (AMD), and Cisco.
IT

Cloudflare acquires Baselime

Cloudflare has acquired Baselime, a cloud-native observability platform provider. Financial terms of the deal were not disclosed.
Fundings

Blaize raises $106M

El Dorado Hills, CA-based AI computing company Blaize has raised $106 million.
Fundings

Rivos raises $250M

Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round
Industry

IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry

IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.