Yet another startup for self-driving cars closes down, Zoox widens its driverless trials, and interest in AI among investors intensifies.
Deal of the weekIf you’re looking for yet another example of investor enthusiasm for AI just take a look at the latest fundraise over at autonomous vehicle software company Applied Intuition.
Other deals that got my attention …Anaphite, a battery technology startup, raised £1.6 million ($2 million)via a government-backed grant investment led by Elbow Beach Capital.
Motional, the autonomous vehicle technology startup Motional, secured a bridge loan that provides a temporary financial reprieve as the company searches for a longer-term source of funding, TechCrunch exclusively learned.
Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, shut down after failing to secure new funding.
You might recall that VW’s autonomous vehicle ambitions were wrapped up in Argo AI, a startup backed solely by the automaker and partner Ford.
