Volvo Group Venture Capital invests in software for autonomous mobility
By Jim Gibbins - 1st January 2020
Sweden / USA - Volvo Group Venture Capital AB of Gothenburg, the Volvo Group’s business unit focused on investing in technologies to advance the transportation sector, has made an investment in Apex.AI of Palo Alto, California, USA, a leading software company in autonomous mobility. Volvo says the investment is to fund the development of a safety-certified software framework for autonomous systems.
Apex.AI, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of ROS (Robot Operating System), an established open source software framework commonly used in robotics and autonomous systems research. By providing a safer and more reliable version of ROS that will be certified according to the functional safety standard ISO 26262, Apex.AI enables companies to take their autonomous vehicle projects into production.
