Palo Alto–based firm Nauto, a company that equips vehicle fleets with networked safety camera-equipped devices, has raised $159 million in a Series B round led by SoftBank and Reid Hoffman at Greylock. Although Nauto has focused on data related to human drivers and their behavior, the company’s technology is cheap enough to install and deploy that investors see the potential dataset being of high value. “Nauto is generating a highly valuable dataset for autonomous driving, at a massive scale,” said SoftBank CEO Masayoshi Son.
The funding will go into the expansion of the development of a dataset that later could be used for self-driving vehicle technology. A switchover to self-driving vehicle technology seems to be quite lucrative for Nauto.
CleanTechnica
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