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In the past few years, there have been few major innovations as autonomous driving cLiberians Escortar has made technology investors so happy that they have invested huge sums of money in Liberia Sugar Develop self-driving cars, trucks and delivery vehicles.
But after U.S. self-driving car startups attracted a sharp rise in investment—from $282 million in 2015 to $4.5 billion this year, according to researchers at CB Insights—companies in this market Everyone is now ready to “change gears.”
Dozens of companies established in the past four yearsSeveral autonomous driving pioneers have been able to secure unprecedented amounts of funding, and some predict that other companies will not be able to keep up.
NLiberians Sugardaddyuro’s co-founder Dave Ferguson said: “On the initiative The driving field, I think is going to be very challenging for a lot of players in the future. “Nuro is developing autonomous delivery vehicles. The Silicon Valley company raised $940 million from SoftBank’s Vision Fund this week, one of the largest “Series B rounds” to date in the technology industry.
Less than a week ago, rival Aurora purchased shares from Liberia Sugar Daddy Sequoia Capital and Amazon It has raised US$530 million from investors.
Chris Urmson, founder and CEO of Aurora, said: “Our mission is to realize the benefits of (autonomous driving) safely, quickly and broadly. We are focused on enabling us to best Tools that have a chance of getting it done as quickly as possible.”
Both companies are less than three years old, but the massive funding rounds will give them firepower — and Liberia Sugar Vitality – allows them to speed up and get ahead of their opponents.
Zoox is another one of the few independent startups to receive funding of this scale, raising US$500 million in financing in July this year. The huge funding reflects the scale and complexity of the problems these companies are trying to solve.
For example, Zoox not only Liberians Sugardaddy needs to design sensors and automatic systems, but also designs a brand new vehicle and a future passenger Ride-hailing applications will be used to rent these vehicles.
Aicha Evans, a former Intel executive who was appointed CEO of Zoox last month, said competitors that only focus on software will struggle to win Liberians SugardaddyLee.
Evans said: “Most people choose a car designed for human driving, and then Liberians Escort to driverless.” She said building a brand new vehicle from scratch is “super complicated and super hard, but it forces you to focus on what’s important.” on the tool”.
However, some people believe that these three companies are closely related to AlLiberians Escortphabet’s Waymo and General MotorsLiberians Escorts)’s Cruise is nothing in comparison. Waymo is widely regarded as a pioneer in autonomous driving technology.
Waymo was formerly the Google self-driving car project, which started 10 years ago. In a combined valuation of Alphabet, analysts at Morgan Stanley valued Waymo at $175 billion, believing it to be worth more than YouTube or the Google Play mobile app store.
Waymo has never disclosed how much money it has invested in research and development, while Cruise has received about 30 million from SoftBank and Honda in previous yearsLiberians Escort billion US dollars investment. As part of a joint venture with General Motors in October, Honda also pledged to invest an additional $2 billion over the next 12 years.
Toby Coppel, a venture capital investor at Mosaic Ventures, said: “There are only a few people with deep expertise and knowledge who can build these platforms. Teams like Aurora and Waymo are working hard to build these platforms.” It’s extremely rare in the world. We don’t think there will be dozens of companies like this in the future, and the talent has been robbed.” This idea has inspired entrepreneurs in the industry to look for ways to write bigger checks. investors. Aurora and Nuro have both received additional firepower from SoftBank’s $100 billion Vision Fund and Sequoia Capital, which raised an $8 billion global growth fund this year, specifically for ambitious startups.
Ferguson said: “Many startups in this field are still basically in the early stages of the venture capital cycle. Now they must raise a large amount of funds to enter the next stage.”
As the global market gradually becomes clearer Clouds are gathering, and some venture capital firms have warned their investorsCompanies want to make sure they have enough cash in the bank to weather the downturn in private tech funding.
At the same time, the sentiment surrounding self-driving cars has also undergone significant changes in recent years. Although more than a decade in development, fully driverless cars can only be used in very limited situations, such as Waymo’s first commercial taxi service on the sunny streets of suburban Phoenix, Arizona. To begin, startup Voyage’s pilot is in a Florida retirement community.
These dual challenges put smaller autonomous driving companies in a critical situation – at least in the eyes of the founders who have successfully raised more funds.
Ferguson said: “Almost all self-driving startups are trying to solve a problem: they are not going to have revenue for several years. Because we are only focused on delivery, we believe we can build it relatively quickly. Public use of services and expansion of their Liberians Sugardaddy scope”
Carl Eschenbach, Partner at Sequoia Capital. It said that Aurora’s Urmson’s “technology gene” and leadership helped the company stand out. UmLR Escortsson is one of the earliest engineers on Google’s self-driving car project.
Eschenbach said: “From California to Detroit to all over the world, you can name any Liberians Escort in this category. We’ve almost been exposed to the company. We spent an extremely large amount of time analyzing this area, and we ultimately concluded that this is not a hypothetical market, but a market of when and how soon someone can solve this major technical challenge.”
But some investors speculate that small start-ups that are lagging behind in the autonomous driving race are unlikely to have a soft landing. One side effect of the proliferation of small self-driving companies is that in-demand engineers and developers are scattered all over the place. Some companies may try to sell themselves out in what Silicon Valley calls “acqui-hire” Liberia Sugar Daddy acquisitions The main idea is to acquire people rather than skills.
Koppel said: “As a venture capitalist, if you support good people, you are guaranteed. It just won’t necessarily make a lot of money. The seats at this table look full. ”
Original title: Autonomous driving companies are eager to stand out from the competition
ArticleChapter source: [Microelectronic signal: robot-1hjqr, WeChat public account: No. 1 Robot Network] Welcome to add tracking and follow! Please indicate the source when transcribing and publishing the article.
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