The Hyundai Motor Company Invests in allegro.ai

November 5, 2018

We are excited to update that the Hyundai Motor Company today announced its strategic investment in allegro.ai.  Additionally, we are announcing today the launch of two strategic initiatives – The Startup Program and The Partner Network.

Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in automobiles and beyond with its range of world-class vehicles and mobility services offered available in more than 200 countries. Employing more than 110,000 employees worldwide, Hyundai sold more than 4.5 million vehicles globally.

In its media statement issued today, Hyundai explains that “through this partnership, Hyundai aims to speed up the deployment of AI technologies across various business areas. Hyundai expects to provide safer driving experiences for its customers by adopting DL computer vision technologies from prominent firms such as allegro.ai in its vehicles. These technologies can be applied to autonomous driving systems to enhance road navigation and real-time decision making.”

We at allegro.ai are proud to partner with Hyundai and share Hyundai’s belief that AI empowers the industry to provide greater road safety, autonomy, to better understand customers’ needs and to help broaden their experiences .

Whether a company is developing autonomous vehicles, drones, security, or other types of applications, allegro.ai makes it easy for them to manage their data-sets and build deep learning-based solutions while guaranteeing complete and confidential control of their data.

With this addition of Hyundai Motor Company, allegro.ai’s investors now include MizMaa Ventures, Robert Bosch Venture Capital GmbH, Samsung Catalyst Fund, Hyundai Motor Company, Dynamic Loop Capital and Gandyr.

Finally, to learn more about our two new strategic initiatives – The Startup Program and The Partner Network, read this blog post.

 

 

 

 

 

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