Autonomous Driving Simulation Platform Raises $20 Million
Autonomous driving simulation technology company Morai has raised $20 million in a Series B funding round that brings the company’s total funding to $25 million.
The round included new investors Korea Investment Partners, KB Investment and Korea Development Bank (KDB), as well as existing investors Naver’s D2 Startup Factory, Hyundai Motor Group’s ZERO1NE, Kakao Ventures and Atinum Investment..
Cofounded by autonomous driving researchers from the Korea Advanced Institute of Science and Technology, Morai is South Korea’s sole provider of complete autonomous vehicle simulation solutions. The company can convert high definition map data into digital twins to provide large-scale simulation environments.
Morai unveiled its cloud-based autonomous driving simulation technology at CES 2022. That technology uses the cloud to build simulation environments without hardware restrictions and allows for simultaneous testing.