Reuters Jun 27, 2018 13:50:19 IST
Cognata said its simulation platform virtually recreates real-world cities, provides a range of testing scenarios, including traffic models that simulate realistic conditions, prior to physical roadway tests of autonomous vehicles.
Audi, through its self-driving car unit Autonomous Intelligent Driving GmbH (AID), is the first major carmaker to sign a multi-year partnership on Cognata’s platform, which will help it reduce the time to get its autonomous cars to market.
“At AID, we are convinced that simulation is a key tool to increase our development speed and a necessary one for the validation of our product and for proving it is safe,” AID chief technology officer Alex Haag said.
“After exploring various solutions, we decided that partnering with Cognata is the fastest way to reach these goals,” Haag added.
A slew of car and technology companies from US No.1 automaker General Motors to Uber and Alphabet's Waymo are investing in testing autonomous capabilities and looking to launch the technology for commercial use soon.
“Simulation technology can help greatly reduce autonomous vehicle testing costs for carmakers,” Cognata chief executive officer Danny Atsmon told Reuters.
The AID-Cognata deal comes at a time when Israel’s defense technology, which has helped its military drive tanks, guide and intercept missiles, and keep its computer systems secure, is being redeployed in the development of driverless cars.
Israeli auto tech startups raised $814 million last year, only slightly behind the $1.2 billion raised by US firms.
Cognata, which competes with firms including Redwood City, California-based Metamoto, had raised a total of $5 million as of the last funding round in 2017.
The startup’s investors include Maniv Mobility - a car technology fund backed by Jaguar Land Rover and French auto parts maker Valeo - planemaker Airbus’ venture capital fund Airbus Ventures and Tel-Aviv based early-stage venture capital firm Emerge.
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