Slingshot AI, a startup developing AI technology for autonomous vehicles, has raised $30 million in a funding round led by Andreessen Horowitz and Menlo Ventures. The company aims to create an AI system that can handle the complex task of driving in various environments and conditions. Slingshot AI’s approach involves training AI models on simulated data, which allows for faster and more efficient development compared to relying solely on real-world data. The funding will be used to expand the team and accelerate the development of their AI technology. Slingshot AI’s founders have experience in AI and autonomous driving from companies like Google, Uber, and Tesla. The company believes that their AI system will be a key enabler for the widespread adoption of self-driving vehicles.
Source: https://www.businessinsider.com/scoop-slingshot-ai-raises-30-million-a16z-menlo-follow-2024-8