Total amount raised
$155 Millions
Latest funding date
08/01/2023
Location
Helm.ai has successfully raised $100 million over multiple funding rounds, with notable investors including Honda Motor and Goodyear Ventures. The company specializes in developing next-generation AI software for driver assistance systems, autonomous driving, and robotics automation.
Keep reading to explore the intricacies of Helm.ai's fundraising journey and the investors backing this innovative platform.
What Is Helm.ai?
Helm.ai, founded in 2016, is headquartered in Redwood City, California. The company was established by Tudor Achim and Vlad Voroninski. Specializing in AI software for driver assistance systems, autonomous driving, and robotics automation, Helm.ai aims to make scalable autonomous driving a reality.
Operating within the artificial intelligence, automotive, and autonomous vehicles industries, Helm.ai employs between 51 and 100 people. The company offers full-stack real-time AI solutions, including deep neural networks for highway and urban driving, end-to-end autonomous systems, and development and validation tools powered by Deep Teaching™ and generative AI.
How Much Funding Has Helm.ai Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial AI software prototypes.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI software and expand the team.
- Seed Round
- Amount Raised: $13M
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market entry.
- Series B
- Amount Raised: $26M
- Date: November 2021
- Lead Investors: Amplo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI capabilities.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Honda Motor
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and expand R&D.
- Series B
- Amount Raised: $30M
- Date: February 2022
- Lead Investors: Mando Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and support commercialization.
- Series C
- Amount Raised: $31M
- Date: December 2022
- Lead Investors: Freeman Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve AI software.
- Series C
- Amount Raised: $55M
- Date: August 2023
- Lead Investors: Freeman Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance AI software and scale commercialization efforts.
Total Amount Raised: $155M. Current Valuation: Not publicly disclosed.
Key Investors
- Freeman Group
- Details: Freeman Group is a private investment and asset management firm founded by Brandon Freeman. The firm led the Series C funding round for Helm.ai and has previously invested in Series B and Series C rounds.
- Investment Focus Areas: Private investments, asset management, AI, cybersecurity.
- Notable Investments: Sift Security (acquired by Netskope).
- Honda Motor
- Details: Honda Motor is a major automotive manufacturer known for its cars, motorcycles, and power equipment. The company has made strategic investments in Helm.ai to advance its autonomous driving technologies.
- Investment Focus Areas: Automotive, mobility solutions, related technologies.
- Notable Investments: Various automotive and mobility startups.
- Goodyear Ventures
- Details: Goodyear Ventures is the venture capital arm of Goodyear Tire & Rubber Company. The firm focuses on investments that align with Goodyear's vision for the future of mobility.
- Investment Focus Areas: Mobility, autonomous vehicles, related technologies.
- Notable Investments: Various mobility and autonomous driving technology companies.
- Amplo
- Details: Amplo is a venture capital firm that invests in early-stage companies across various sectors. The firm participated in the Series C funding round for Helm.ai.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Various early-stage technology companies.
- ACVC Partners
- Details: ACVC Partners is a venture capital firm that focuses on early-stage technology companies. The firm participated in the Series C funding round for Helm.ai.
- Investment Focus Areas: Technology startups, AI, machine learning.
- Notable Investments: Various early-stage AI and machine learning startups.
What's Next for Helm.ai?
Helm.ai stands at the cusp of significant growth opportunities, driven by its innovative AI software for autonomous driving and robotics automation. With the recent $55 million Series C funding, the company is poised to expand its AI software stack and increase its commercialization footprint, particularly with major automakers and mobility providers. The autonomous vehicle industry, a multi-billion dollar market, offers substantial growth potential for Helm.ai.
Future fundraising opportunities appear promising, given the successful Series C round and the involvement of high-profile investors like Honda Motor and Goodyear Ventures. Helm.ai may attract further investment to scale its operations and technology. However, the company faces challenges such as competition from other self-driving startups, technological hurdles, and regulatory issues. Overcoming these obstacles will be crucial for Helm.ai's continued success and market expansion.
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