Initial investments funding autonomous vehicle technology, artificial intelligence and robotics.
The Toyota Research Institute (TRI) announced it is investing an initial $100 million to launch Toyota AI Ventures, a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI launched the venture by contributing initial investments it has made in three technology companies: Nauto, SLAMcore and Intuition Robotics.
The venture will also cultivate select startups by offering them mentorship and support on-site at TRI’s Silicon Valley headquarters. Investment will focus in the areas of:
- Artificial Intelligence;
- Autonomous Mobility; and
- Data and Cloud Technology.