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    1. Technology
    2. Computer Hardware & Software

    Volvo Group Venture Capital invests in software for autonomous mobility

    Dec. 6, 2019
    The investment will fund the development of a safety-certified software framework for autonomous systems.
    Related To: AB Volvo

    Volvo Group Venture Capital AB announced an investment in Apex.AI, which will fund the development of a safety-certified software framework for autonomous systems.

    “Apex.AI has a promising product offering with important commercial deployment potential for autonomous systems,” said Dan Tram, investment director of Volvo Group Venture Capital.

    Apex.AI, a software company for autonomous mobility, was founded in 2017 and is based in Palo Alto, Calif. The company is building an automotive-grade version of ROS (Robot Operating System), an established open source software framework commonly used in robotics and autonomous systems research. By providing a safer and more reliable version of ROS that will be certified according to the functional safety standard ISO 26262, Apex.AI enables companies to take their autonomous vehicle projects into production.

    “We are excited to invest in a company that enables easier development of safety-certified systems,” said Anna Westerberg, acting CEO of Volvo Group Venture Capital and SVP Volvo Group Connected Solutions.

    The role of Volvo Group Venture Capital is to make investments in innovative companies at the forefront of service orientation as well as product differentiation and to support collaboration between startup companies and the Volvo Group.

    Based on the trends shaping the future of transportation and Volvo Group strategic priorities, Volvo Group Venture Capital focus investment areas are autonomous solutions, connected services and electromobility with a focus on Europe and North America, according to the company.