Edge Case Research, which develops AI software for autonomous automobiles, announced it landed $7 million in investment funding.
The Pittsburgh based startup received the funds from ANSYS and Aurora CEO and co-founder Chris Urmson, with participation from Liberty Mutual Strategic Ventures, Lockheed Martin Ventures, Trucks VC and Blue Tree Allied Angels. Edge Case plans to expand the development of its intelligent safety assessment platform for autonomous autos, Hologram, with this latest funding.
As part of this latest funding round completion, Urmson and Matt Zack, VP of corporate marketing and business development at ANSYS will join Edge Case’s board of directors.
Edge Case wants to ease the uncertainty many have about the safety of autonomous vehicles. It is developing products and standards to allow manufacturers to gain public confidence and trust in this new technology; assuring vehicles will operate safely on public roads.
“I am honored to bring together an ecosystem of investors with industry expertise, and to be playing a significant role in the advancement of safe autonomous vehicles,” says Michael Wagner, CEO, Edge Case Research, in a statement. “Most importantly, we’ve built an investor group that shares our mission to empower innovators to bring safe, trustworthy technologies to market. This ambitious vision is behind everything we do.”
“Self-driving technology will have a profound impact on the safety of our roads and the quality of life of communities in our cities,” added Chris Urmson, Co-founder and CEO of Aurora. “Developing and delivering self-driving technology safety is paramount, and the Edge Case team has the commitment and deep expertise for building important tools for developing this technology. I’m thrilled to see Edge Case take this next step in their mission.”
Edge Case also announced it is partnering with Underwriters Laboratories (UL) to create UL’s 4600 standard for autonomous tech safety standards. The tentative completion date for this project is late 2019.