Volvo invests in California AI company

by Truck News

VolvoGOTHENBURG, Sweden – Volvo Group Venture Capital has invested in California-based Apex.AI, a software developer in autonomous mobility, the company announced Thursday.

The investment will fund the development of a safety-certified software framework for autonomous systems.

Apex.AI is building an automotive-grade version of Robot Operating System, an established open source software framework commonly used in robotics and autonomous systems research.

By providing a safer and more reliable version of ROS, Apex.AI enables companies to take their autonomous vehicle projects into production.

“We are excited to invest in a company that enables easier development of safety-certified systems,” says Anna Westerberg, acting CEO of Volvo Group Venture Capital and senior vice-president of Volvo Group Connected Solutions.

The financial details were not revealed, but the company said the investment will have no significant impact on Volvo Group’s earnings or financial position.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.