CPE News (12.17.2023) – Inverted AI has raised over US $4 million in seed funding led by Yaletown Partners with participation of Blue Titan Ventures, Dasein Capital, Inovia Capital, Defined, and WUTIF.
Founded by CEO Frank Wood and CTO Adam Ścibior in 2018, Vancouver based Inverted AI is a generative AI company for AV/ADAS development. Its mission is to build AI agents that behave like humans. Inverted AI provides world class predictive human behavioral models that are learned from massive quantities of video data.
Inverted AI will use funding to further accelerate and expand its product offerings, including those based on its leading ITRA (Imagining the Road Ahead) technology, as the leader in providing behavioral models accelerating safe commercial deployment of autonomous solutions including advanced ADAS, autonomous vehicles and robots, and a full range of realistic, simulation-based systems.
photo credit: Inverted AI
News Release
Inverted AI Secures Seed Round for Generative AI in AV/ADAS Development
VANCOUVER, BC, Dec. 14, 2023 /CNW/ – Inverted AI, a world-class generative AI company for AV/ADAS development, is pleased to announce it has secured over $4 million USD in institutional early stage financing, led by Yaletown Partners, and including strategic investors such as Blue Titan Ventures, Dasein Capital, Inovia Capital, Defined, and WUTIF.
The funding enables Inverted AI to further accelerate and expand its product offerings, including those based on its leading ITRA (Imagining the Road Ahead) technology, as the leader in providing behavioral models accelerating safe commercial deployment of autonomous solutions including advanced ADAS, autonomous vehicles and robots, and a full range of realistic, simulation-based systems. ITRA enables longer and more complex simulation scenarios that can be used to test the ADAS/AV system against the full range of behaviors displayed by the human road users around it. Our technology helps ensure the safety of ADAS and AV systems while significantly reducing development costs and time by enabling a full range of diverse and realistic testing scenarios.
“Inverted AI’s predictive human behavioral models are designed to bring the most realistic behavior to simulation based on massive quantities of video data, that result in simulations with reactive, diverse, and realistic NPCs across vehicle classes and pedestrians.” said Frank Wood, CEO of Inverted AI. “We’re grateful for Yaletown Partners leadership and technology expertise – and ability to help us scale.” Yaletown has invested in 75+ technology-driven companies across North America, developing a strong roster of portfolio companies, and has a total enterprise value exposure that exceeds $10Bn. “The opportunity of generative AI to advance adaptive systems and accelerate the convergence of simulation and real-world applications, in our view, is one of the great thematic changes underway. Inverted AI is an extraordinary team that has created the world’s leading foundational models in generative AI for human behavior with the potential to unlock significant value in all areas of autonomy,” observed Eric Bukovinsky, Partner at Yaletown Partners.
Inverted AI currently offers API access to DRIVE, with our leading human-like non-playable character (NPCs) driving behaviors that are diverse, realistic, and reactive and INITIALIZE, with realistic and diverse agent placements. The company has begun beta testing new products including BLAME, which can automatically determine which agent(s) caused a collision and why from logs to efficiently validate simulations, and SCENARIO, enabling whole-scene scenario generation with realistic, reactive, and diverse agents inc. pedestrians, bikes, cars, buses, and lights. The company recently launched a new site with an interactive demo of the API and the ability for researchers and developers to sign-up for a trial API key.
About Inverted AI
Inverted AI does generative AI for human behavior. Our mission is to build AI agents that behave like humans. Inverted AI provides world class predictive human behavioral models that are learned from massive quantities of video data. We use proprietary techniques to transfer these models into simulated environments where we use them to drive human-like NPCs that are statistically accurate in terms of reactivity, realism, and diversity. Inverted AI accelerates autonomous and ADAS development and brings the unique power and expertise of artificial intelligence and computer vision, taking off years from the development process. For further information, visit https://www.inverted.ai
About Yaletown Partners
Yaletown Partners is a leading Canadian venture capital fund manager that invests in the technologies digitally transforming traditional industries by prioritizing climate-resilient growth. Backed by leading institutional investors, including pension funds, and a network of successful technology entrepreneurs, Yaletown has offices in Vancouver, Calgary, Edmonton, Toronto, Montréal, and San Francisco. For more information, please visit https://www.yaletown.com/.
Press Contact:
Inverted AI – Robert Chang, robert.chang@inverted.ai, +1 917-410-0375
Yaletown Partners – Sophie Gupta, sophie@yaletown.com, +1 514-574-6964
SOURCE Inverted AI