Volvo Invested in a Vehicle Operating System Company Named Apex.AI
Daniel Johnson — December 6, 2019 — Autos
References: apex.ai & techcrunch
Volvo recently invested in Apex.AI, which is a vehicle operating system company located in Palo Alto. No details of the investment were made public, however, Volvo stated the investment would not result in drastic changes to the vehicle operating system company.
The investment was officially made through Volvo's Venture Capital branch and it could help Volvo develop autonomous driving systems. Anna Westerberg, the CEO of Volvo Group Venture Capital, spoke about the investment, saying that she's "excited to invest in a company that enables easier development of safety-certified systems.”
For Apex.AI an investment from a leading auto manufacturer could have significant benefits. The company is only two years old and the investment could allow it to further develop its products.
Image Credit: Apex.AI
The investment was officially made through Volvo's Venture Capital branch and it could help Volvo develop autonomous driving systems. Anna Westerberg, the CEO of Volvo Group Venture Capital, spoke about the investment, saying that she's "excited to invest in a company that enables easier development of safety-certified systems.”
For Apex.AI an investment from a leading auto manufacturer could have significant benefits. The company is only two years old and the investment could allow it to further develop its products.
Image Credit: Apex.AI
Trend Themes
1. Autonomous Driving Systems - Investments in vehicle operating system companies like Apex.AI can lead to the development of advanced autonomous driving systems.
2. Venture Capital in Automotive Industry - Auto manufacturers investing in startups like Apex.AI demonstrate the growing interest in innovative technologies within the automotive industry.
3. Safety-certified Systems - Investments in companies like Apex.AI that develop safety-certified systems can drive advancements in autonomous driving technology.
Industry Implications
1. Automotive - Investments in vehicle operating system companies like Apex.AI have the potential to disrupt the automotive industry by enabling the development of advanced autonomous driving systems.
2. Technology - The investment in Apex.AI highlights the increasing integration of technology in the automotive industry and the opportunities for disruptive innovation in vehicle operating systems.
3. Venture Capital - The investment by Volvo's Venture Capital branch in Apex.AI illustrates the trend of venture capital funding in emerging technologies, specifically within the automotive sector.
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