AI software company, Apex.AI has announced a USD 15.5 million in Series A round led by Canaan with participation from Lightspeed Venture Partners that spent in Apex.AI’s seed round. Apex.AI’s software stack is designed to easily integrate into existing systems and serve as the enterprise version of the Robot Operating System, an open-source software middleware for robotics.
The company official said that most businesses have expertise in developing consumer applications, but not a lot of expertise, resources or people to work on safety-critical processes. Therefore Apex.AI built a framework that allows developers who have not experienced building safe and secure systems to do that. In order to never fail, Apex.AI has built redundancies into the system to ensure single failures, but it doesn’t result in system-wide failures. The official further noted that their company goes through every line of code and ensure that safety-critical processes get the amount of computing time needed to perform.
Apex.AI is application agnostic, means that it can be used in all autonomous systems, ranging from cars to drones to flying taxis. Apex.AIIt also competes with the Renovo, which revealed AWare OS earlier this year designed for Level 4 autonomous driving. Apex.AI is delivering an operating system for autonomous vehicles that will never fail. Established by long-time automated systems engineers Jan Becker and Dejan Pangercic, Apex.AI develops operating systems for several types of autonomous mobility platforms. Canaan partner Rayfe Gaspar-Asaoka pointed out that they are very excited about Apex work because it is solving a real problem. They added that their venture has now the right technological pieces in place, and considering, how they move it from R&D into mass production with fully self-driving vehicles for the average customers to use.