Toyota Research Institute announces $100 mln venture unit
Toyota Research Institute (TRI) announced that it has launched Toyota AI Ventures, a $100 million venture arm to back early-stage startup companies in artificial intelligence, robotics, autonomous mobility and data and cloud computing. As part of the announcement of the corporate VC, Toyota AI Ventures disclosed it has already backed three companies, including Intuition Robotics, an Israeli developer of artificial intelligence robots for use by the elderly. Jim Adler, TRI’s vice president of data and business development, will take the role of managing director of Toyota AI Ventures. The corporate VC will be based in Los Altos, California, the site of TRI.
11 July 2017•1 min read
