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     110  0 Kommentare KKR Leads US$68 million Series B Funding Round in AI Leader Advanced Navigation

    Advanced Navigation (the “Company”), a developer of AI robotics and navigation technology, and KKR, a leading global investment firm, today announced the signing of definitive agreements under which KKR will lead a US$68 million (AUD108 million) Series B funding round in the Company. The funding round includes participation from new investors such as deep learning venture firm AI Capital and existing investors, including Main Sequence, the Hon. Malcolm Turnbull AC, In-Q-Tel, and Our Innovation Fund, bringing Advanced Navigation’s total amount raised to more than US$85 million.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221116005698/en/

    Headquartered in Australia, the Company's robotic and navigation solutions optimize performance and efficiency by leveraging AI neural networks and deep learning algorithms. Advanced Navigation sensor products are sold into commercial and defense industries spanning sea, land, air and space applications. The Company’s AI approach allows its solutions to have greater accuracy and reliability while maintaining a small form factor. Today, Advanced Navigation’s solutions are adopted by some of the world’s largest technology companies and defense prime contractors.

    Advanced Navigation looks to use the funding to accelerate R&D programs focused on transformative robotic, navigation, photonic, and quantum sensing solutions, and enhance its global sales and marketing capabilities to reach new customers. Advanced Navigation will also assess inorganic growth opportunities to incorporate new technologies and products into its suite which complement the Company’s existing products and areas of expertise.

    Xavier Orr, CEO and Co-Founder of Advanced Navigation, said, “We look forward to this next phase of growth as we continue to be a driving force in the autonomy revolution. KKR has significant experience investing in emerging technologies, we are thrilled to have them lead our Series B funding round and work alongside our team to advance our product and technology innovation and development. Our technologies will continue to safely and reliably guide autonomous vehicles across hazardous environments. Together with our engineering experts, partners, and in collaboration with global research institutes, we will work to build a more resilient, secure and sustainable future.”

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    KKR Leads US$68 million Series B Funding Round in AI Leader Advanced Navigation Advanced Navigation (the “Company”), a developer of AI robotics and navigation technology, and KKR, a leading global investment firm, today announced the signing of definitive agreements under which KKR will lead a US$68 million (AUD108 million) …

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