Teraki today announced it has closed $11 million (nearly €9.9 million) in Series A funding to address the problem of exploding data demand in tightly constrained electronics components such as those embedded in automotive systems. This follows the company’s strong momentum in customer engagements and expanded market opportunities, and brings the total capital invested to $16.3 million.
Teraki based in Berlin, is a team of experienced Data scientists, Physics PhDs and Software developers working to deliver embedded software for sensor data pre-processing. The AI powered solution enables low-powered hardware to significantly reduce data in real-time of Telematic, Camera and LiDAR sensors while enabling our customers to detect events and objects with high accuracy. The efficient and accurate edge processing is deterministic and certifiable conform automotive safety standards.