Silicon Valley AI & Automotive Technology Startup Nauto Expands to Europe
【Summary】Autonomous vehicle technology startup Nauto, whose artificial intelligence-powered system and data platform is helping improve fleet safety and powering the development of self-driving technology, is expanding into Europe. The company has appointed experienced auto technology executive Frank Bunte as Head of Europe to lead its European team, called Nauto Global Ltd.
PALO ALTO, Calif., — Autonomous vehicle technology startup Nauto, whose artificial intelligence-powered system and data platform is helping improve fleet safety and powering the development of self-driving technology, is expanding into Europe. The company has appointed experienced auto technology executive Frank Bunte as Head of Europe to lead its European team, called Nauto Global Ltd.
Bunte, who most recently was Chief Revenue Officer at EASI'R, a cloud-based customer relations platform for the automotive industry, will lead Nauto´s expansion as a safety and efficiency solution for fleets across continental Europe from offices in Dublin. Waymo's former head of business Jennifer Haroon, and Sanket Akerkar, Microsoft's former VP of global enterprise sales also joined the company in October to help lead its commercial growth and global expansion.
"I'm honored to take on this mission of making our European roadways safer and our transportation system smarter," said Bunte. "Last year, the European Union estimated that 135,000 people were seriously injured on EU roads, and that for every one million inhabitants, there were 50 road fatalities. We are already seeing Nauto making a demonstrable and positive impact in North America and Japan in helping drivers operate vehicles more safely, so we are motivated to offer what we do to improve European driving conditions and potentially save lives."
"Frank has a terrific background in enterprise automotive technology and is a proven business leader and corporate strategist with more than 15 years' experience in high-level leadership roles for companies throughout Europe, the United States and South Africa." said Akerkar. "He has wide-ranging experience of executing international expansion strategy for global organisations and helping them grow. Frank is highly networked and respected in the automotive industry and knows how to meld the dynamic pace of a start-up with the demands of more established entities. I look forward to working with him as we launch across Europe."
The company is currently is piloting its artificial intelligence-powered automotive data platform and aftermarket dual-camera device technology with numerous European-based commercial fleet, logistics, taxi, bus and auto leasing and insurance entities.
Nauto, which equips any vehicle or fleet with sophisticated safety and networking features, such as the ability to detect distracted driving and provide constructive feedback to assist drivers, is also exploring additional strategic relationships with the insurance and automotive industries to expand the adoption of the Nauto data platform in autonomous vehicle research and development, as it is currently doing with companies like BMW, General Motors, Toyota and Insurance company Allianz Group.
The Nauto system includes a windshield mounted hardware design, deep learning and computer vision algorithms and smart cloud network informed by the accumulation of millions of kilometers from dozens of fleet customers on urban streets and highways.
Because Nauto learns from other drivers, the road and conditions around vehicles in the Nauto network, fleets equipped with Nauto can automatically capture and upload video of significant events and insights in real time to help fleet managers improve overall driver performance and enhance the safety and efficiency of an entire fleet. The company has already started working with its automaker partners to develop the deep-learning algorithms that will enable the cars to drive autonomously.
Nauto's scoring system called VERA (Vision Enhanced Risk Assessment) includes a risk rating for the frequency and severity of distraction events. For example, a distraction event while stopped at a red light would not generate the same high risk score as a distraction event that occurred at 130 KM/h (65 mph) speed on a freeway would.
In July of 2017, Nauto raised $159 million in a Series B round led by SoftBank and Reid Hoffman at Greylock to expand its autonomous driving and data platform. Nauto's valuation is now over $1 billion.
Originally hailing from New Jersey, Eric is a automotive & technology reporter covering the high-tech industry here in Silicon Valley. He has over 15 years of automotive experience and a bachelors degree in computer science. These skills, combined with technical writing and news reporting, allows him to fully understand and identify new and innovative technologies in the auto industry and beyond. He has worked at Uber on self-driving cars and as a technical writer, helping people to understand and work with technology.
Tesla Challenger XPeng Reports Record July Deliveries, its 2nd Consecutive Month of Record-Setting Growth
Toyota to Offer New Replacement Parts for the Land Cruiser to Help Owners Keep Them on the Road
Tesla Agrees to Pay Model S Owners $1.5 Million For Reducing Battery Power in Their Vehicles
Tesla's Chinese Battery Supplier CATL Unveils a Sodium-ion Battery, a Major Breakthrough for EVs
LG Electronics & Magna International Finalize Agreement for New ePowertrain Joint Venture That’s Linked to the Secretive ‘Apple Car’ Project
Tesla is Moving its Retail Showrooms Out of Upscale Shopping Centers, According to Sources
Hyundai’s XCIENT Fuel Cell Trucks Hitting the Road in California in the Largest Deployment of the Technology in the U.S.
Lucid Motors Debuts on the Nasdaq and Raises $4.4 Billion as its Looks to Take on Tesla
- Ford Opens Registration Site for its New Lineup of E-Transit Commercial Electric Vans
- Senate Finance Committee Advances Bill That Includes Raising the Federal Tax Credit up to $12,500 on U.S.-Made EVs
- Luxury Brand Mercedes-Benz to Go All-Electric by 2030
- NVIDIA to Acquire DeepMap, a Silicon Valley Startup Building HD Maps for Self-Driving Vehicles
- Lamborghini's Aiming to Embrace Electrified Vehicles by 2025
- Italy Fines Google for Excluding the ‘JuicePass’ EV Charging App From Android Auto
- Mercedes-Benz Trucks Reveals its eActros Zero Emissions Electric Truck for Europe
- General Motors, Shell Partner to Increase Charging Infrastructure
- Automaker Hyundai Completes its Acquisition of Robotics Firm Boston Dynamics
- Tesla Sets Up a Site in China to Store Vehicle Data and Ensure it Remains the Country