Hyundai Motor Invests In Israeli Laptop Imaginative and prescient Agency Allegro.ai

Hyundai Cradle, Hyundai Motor Co's company enterprise enterprise, mentioned on Monday it invested in allegro.ai, an Israeli firm specializing in deep learning-based pc imaginative and prescient.

Monetary particulars weren't disclosed.

Hyundai mentioned the partnership with allegro.ai will enable it to hurry up deployment of synthetic intelligence expertise in lots of enterprise areas and can enhance the standard of Hyundai's merchandise.

"Deep studying pc imaginative and prescient is likely one of the core applied sciences that may be utilized to autonomous driving to navigate roads and make fast choices in actual time," mentioned Ruby Chen, head of funding at Hyundai Cradle Tel Aviv.

That is Hyundai's fifth funding in an Israeli firm and its actions will proceed to develop within the coming yr, Chen mentioned.

Different buyers in allegro.ai embrace MizMaa Ventures, Robert Bosch Enterprise Capital and Samsung Catalyst Fund.