Belgium-based OTIV, an AI company that improves the safety and efficiency of railway transport by teaching vehicles to drive autonomously, announced that it has raised an undisclosed amount in a Series A round of funding.
OTIV claims it will use the funds to further develop its technology platform and accelerate its pilots and roll-outs with leading customers in the rail industry. In the short term, the company also looks to expand its team at the HQ in Ghent.