Perceptive Automata, which is a Somerville, MA-based provider of human behavior prediction software for machines, today in a report has announced that they have raised an amount of $16m in the funding round of Series A.
The round, which brought total capital to $20m, was led by some of the prominent investor which includes the Jazz Venture Partners with participation from Toyota AI Ventures, Hyundai Motor Company, and existing investors First Round Capital and Slow Ventures, among others.
John Harris, co-founder and General Partner at Jazz Venture Partners, will join Perceptive Automata’s Board of Directors. Phin Barnes from existing investor First Round Capital will also join as a Board Observer.
The startup which is founded and led by Sid Misra, co-founder and CEO, Perceptive Automata provides software that gives automated vehicles the ability to understand the state-of-mind of humans, pedestrians, cyclists, and other motorists to drive safely, smoothly, and predictably in a human-dominated road environment. The company is integrating its software with customer and partner ADAS and autonomous driving systems.
The company uses behavioral science latest innovative techniques to characterize the way human drivers understand the states of the minds of other humans, and then trains its deep learning models to acquire that same ability. These deep learning models output real-time data on the intention, awareness, and other state-of-mind attributes of pedestrians, cyclists, and other motorists. Customers’ autonomous driving systems can then assess the data to understand, for example, whether a stationary pedestrian wants to cross in front of the automated vehicle, if the cyclist ahead of the automated vehicle might want to turn left, or if another vehicle is about to merge lanes.
“We are extremely excited to invest in a company that is taking a behavioral science approach to developing AI that understands humans’ states of mind, as we believe there is no other way to solve this major challenge that is currently facing robotic systems,” said John Harris, co-founder and General Partner at JAZZ Venture Partners. Harris, who has years of experience building and running companies operating in highly regulated industries, will join Perceptive Automata’s Board of Directors. Phin Barnes from existing investor First Round Capital will also join as a Board Observer.
The company as of now has a plans to use the funds to recruit engineers to further refine its human intuition Artificial Intelligence software for global markets and to grow product development and customer implementation teams.
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