Berlin-based automotive AI startup Teraki recently announced that it has raised €2 million in additional funding for its mission to provide breakthrough AI and edge data processing software to meet the exploding data demands of the $395 billion automotive electronics industry.
The latest backing for the technology platform will help in bringing more than tenfold increase in efficiency to the components used in automotive electronics. The investment was led by Hong Kong-based Horizon Ventures and American Family Ventures. Total funding to date amounts to $5.3 million.