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Toyota and BMW form partnership with US venture capital firm for automatic driving development

On October 7, US venture capital firm Nauto announced it is forming partnerships with Toyota and BMW.

Nauto is a venture capital firm located in California. Among other projects, it has developed a system that uses AI to analyze footage from drive recorders.

The new partnerships include Toyota subsidiary Toyota Research Institute, BMW subsidiary BMW i Venture, and major German insurance company Allianz. The three companies reached an agreement to accept investment funds from Nauto.

The three companies will work with Nauto, using its cloud-based data research platform to develop automatic driving technology.

Nauto CEO Stefan Heck said, “Having the participation of major players in the auto and insurance industry is essential in establishing a cornerstone as we re-imagine and build a safer, smarter and congestion-free transportation system.”

(Translated by Greg Scott)