BMW, Toyota Partner With Computer Vision Company Cortica
The multinational car manufacturers have teamed up with Tel Aviv-based Cortica to launch a new subsidiary dedicated to artificial intelligence for autonomous vehicles
Meir Orbach | 13:39 04.09.2019
BMW’s investment arm BMW i Ventures Inc., Toyota’s investment subsidiary Toyota AI Ventures LLC, auto supplier Continental AG, and Jerusalem-based equity crowdfunding company OurCrowd Ltd. have teamed up with Tel Aviv-based computer vision company Cortica Inc., Cortica announced Tuesday. The goal of the collaboration is the launch of a Cortica subsidiary dedicated to developing artificial intelligence technologies for autonomous vehicles, Cortica said. The new offshoot is incorporated as Cartica Ltd. Financial details of the new venture were not disclosed.