Volvo invests in California AI company
GOTHENBURG, 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.
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