Tech Company Financing Transactions
Drive.ai Funding Round
Drive.ai closed a $50 million Series B venture capital round on 6/28/2017. Investors included New Enterprise Associates, GGV Capital and private investors.
Transaction Overview
Company Name
Announced On
6/28/2017
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
New Enterprise Associates (Lead Investor) (Carmen Chang)
Proceeds Purpose
With our new funding, here is how we plan to introduce self-driving to the world: The Enterprise Solution, Global Release, With this funding and board expansion, we are moving forward with drive.ai's growth, and building on the achievements we've accomplished thus far.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
365 Ravendale Dr.
Mountain View, CA 94043
USA
Mountain View, CA 94043
USA
Phone
Undisclosed
Website
Email Address
Overview
Drive.ai is a Silicon Valley start-up founded by former lab mates out of Stanford University's Artificial Intelligence Lab. We are working on creating AI software for autonomous vehicles with deep learning, and are seeking ambitious, bright-minded professionals who will become part of entrepreneurial teams.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sameep Tandon
Chief Operating Officer
Fred Rosenzweig
President
Carol Reiley
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