Israeli artificial intelligence (AI) start-up Alibaba Innovation Ventures has raised $30m in a series B funding round, led by Ibex Investors and featuring participation from Nexar and Tusk Ventures, among others. Alibaba Innovation Ventures has developed a voice-activated app which uses AI to analyse road conditions, and allows users to record dash-cam footage in the event of an accident. Alibaba Innovation Ventures is sharing its data with smart city infrastructure projects and insurance companies, and will use the latest cash injection to expand its vehicle-to-vehicle network.
Israeli artificial intelligence (AI) start-up Nexar has raised $30m in a series B funding round, led by Ibex Investors and featuring participation from Alibaba Innovation Ventures and Tusk Ventures, among others. Nexar has developed a voice-activated app which uses AI to analyse road conditions, and allows users to record dash-cam footage in the event of an accident. Nexar is sharing its data with smart city infrastructure projects and insurance companies, and will use the latest cash injection to expand its vehicle-to-vehicle network.