South Korean startup MORAI raises $20M in Collection B funding to broaden its digital testing know-how for autonomous driving programs



A digital twin atmosphere of Las Vegas, NV generated from MORAI SIM

In Common XR Information

February 8, 2022 – MORAI, a developer of digital testing options for autonomous driving programs, has at this time introduced that it has efficiently secured a USD $20 million Collection B funding spherical. The spherical contains funding from new traders Korea Funding Companions, KB Funding, and the state-run Korea Improvement Financial institution (KDB), in addition to from present traders Naver’s D2 Startup Manufacturing facility, Hyundai Motor Group’s ZERO1NE, Kakao Ventures, and Atinum Funding, bringing MORAI’s complete funding up to now to USD $25 million.

MORAI offers full-stack autonomous car simulation options. The corporate’s know-how mechanically converts HD map knowledge into digital twins, thereby offering large-scale digital simulation environments for autonomous driving programs.

Having established its US workplace within the Bay Space, MORAI now plans to additional broaden its world presence by establishing places of work in Germany and Japan, recognized for well-established automotive industries, in addition to in Singapore, for the corporate’s digital twin know-how efforts. The funding will even be used to use its autonomous car simulation know-how to different verticals comparable to city air mobility (UAM).

Commenting on the funding spherical, Jiwon Jung, CEO of MORAI, mentioned: “We are going to concentrate on using the funding to rent high quality skills,” including, “Along with trade skills, we’ll proceed sharpening our technological edge to additional improve our world competitiveness.”

A digital twin atmosphere of Duluth, MN generated from MORAI SIM

Because the automotive trade strikes in the direction of autonomous driving, the automated programs concerned should bear some type of verification and validation to make sure they will acknowledge environment correctly and take needed actions to make sure the protection of all actors.

In response to the corporate, verifying and validating autonomous driving programs on public roads shouldn’t be solely bodily inconceivable, but additionally testing prototype automobiles on the roads can pose an inherent hazard to different highway customers. Due to this fact, MORAI’s simulation platform provides a safer various to actual highway testing by offering a digital testing answer to confirm and validate autonomous driving programs.

“MORAI’s simulator know-how will play a key function in enhancing the protection and performance of self-driving vehicles,” mentioned Geun-ho Kim, Government Director of Korea Funding Companions. He added, “MORAI has the potential to develop into one of many main firms within the world autonomous driving sector, and we’re trying ahead to the corporate’s future development.”

At this 12 months’s CES, the corporate unveiled its cloud-based autonomous car simulation know-how, which makes use of the cloud to construct a myriad of simulation environments with out {hardware} restrictions and permits simultaneous testing.

In response to MORAI, the corporate serves over 100 clients, together with company purchasers comparable to Hyundai Mobis, Hyundai AutoEver, Naver Labs, and 42dot, in addition to instructional and analysis establishments like KAIST and the Korea Transportation Security Authority. The corporate states that it has additionally shaped partnerships with a wide range of world gamers comparable to NVIDIA, Ansys, and dSPACE.

For extra data on MORAI and its digital twin know-how for digital simulation environments for autonomous driving programs, please go to the corporate’s web site.

Picture credit score: MORAI

In regards to the creator

Sam Sprigg

Sam is the Founder and Managing Editor of Auganix. With a background in analysis and report writing, he covers information articles on each the AR and VR industries. He additionally has an curiosity in human augmentation know-how as an entire, and doesn’t simply restrict his studying particularly to the visible expertise facet of issues.