Cognata raises $18.5M as race to deploy autonomous vehicles quickens

By | October 17, 2018

As Featured on Techcrunch, 10/17/2018

“Cognata has raised $18.5 million in a funding round led by Scale Venture Partners, fresh capital that the Israeli autonomous simulation startup will use to meet demand for technology that will help companies speed up the deployment of self-driving vehicles.

Cognata founder and CEO Danny Atsmon told TechCrunch the company, which has 28 employees, will use the funds to double its staff and expand commercial operations. Cognata wants to increase its international presence, specifically into the U.S., Germany, China and Japan, he added.

Existing investors Emerge, Maniv Mobility, and Airbus Ventures as well as newcomer Global IoT Technology Ventures also participated in the round”.

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