Autonomous Driving Simulation Platform Raises $20 Million

Morai says the funding will be used to help with global expansion

Liz Hughes, Editor, IoT World Today

February 14, 2022

1 Min Read
Image shows a Digital Twin Environment generated from MORAI SIM – Las Vegas, NV (1)

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.

About the Author(s)

Liz Hughes

Editor, IoT World Today, IoT World Today

Liz Hughes is an award-winning digital media editor with more than two decades of experience in newspaper, magazine and online media industries. 

A proven digital media strategist and editor, Liz has produced content and offered editorial support and leadership for a variety of web publications, including Fast Company, NBC Boston, Street Fight, QuinStreet, WTWH Media, AOL/Patch Media and Design News.

A skilled social media strategist experienced in developing and maintaining an audience across multiple platforms and brands, Liz also enjoys sharing her knowledge and expertise to help businesses small and large.

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