The investment will fund the development of a safety-certified software framework for autonomous systems
Volvo Group Venture Capital AB has invested in Apex.AI, a California-based software company that deals with autonomous mobility. The investment will fund the development of a safety-certified software framework for autonomous systems.
Apex.AI is building an automotive-grade version of ROS (Robot Operating System), an established open source software framework commonly used in robotics and autonomous systems research. By providing a safer and more reliable version of ROS that will be certified according to the functional safety standard ISO 26262, Apex.AI will enable Volvo Group Venture Capital to take their autonomous vehicle projects into production.
The role of Volvo Group Venture Capital is to make investments in innovative companies at the forefront of service orientation as well as product differentiation and to support collaboration between startup companies and the Volvo Group. Volvo Group Venture Capital’s major investment areas are Autonomous Solutions, Connected Services and Electromobility.
The transaction has no significant impact on the Volvo Group’s earnings or financial position.