Ottometric, an emerging technology leader in the validation of Advanced Driver Assistance Systems (ADAS), today announced the successful closing of its $10 Million Series A financing. The round was led by Schooner Capital, with participation from existing investors Rally Ventures and Proeza Ventures, as well as new investors, including PS27 and Somersault Ventures. The new capital will support Ottometric’s rapid growth and accelerate the development of its breakthrough ADAS validation platform.
ADAS includes safety-critical features such as AEB (Automatic Emergency Braking) and LDW (Lane Departure Warning), as well as driver-assistance features such as ACC (Adaptive Cruise Control) and TSR (Traffic Sign Recognition). ADAS solutions are developed and validated using data from a complex network of sensors, including cameras, radar, lidar, and ultrasonic sensors. However, the traditional validation process remains inefficient and unscalable. Automakers and suppliers typically spend over a year and up to $100M per vehicle model on ADAS development and testing to comply with government regulations and ensure safety. This process produces petabytes of data, which are currently manually analyzed before the start of vehicle production.
Ottometric’s AI-powered platform automates and streamlines ADAS development and validation, helping companies identify and fix sensor, system and software issues. Its proprietary data distillation technology classifies vast amounts of sensor data into structured insights, dramatically reducing dataset sizes while ensuring critical safety scenarios are fully captured. This significantly improves system accuracy and reduces validation costs and timelines by over 50%.
“Ottometric is tackling one of the most pressing challenges in automotive technology today: the skyrocketing cost and complexity of ADAS validation,” said Joseph Burke, Founder and CEO of Ottometric. “We are transforming a cumbersome, manual process into an automated, scalable solution that delivers actionable insights in days rather than months. This funding validates our approach and will help us scale to meet the growing demand from Tier-1 suppliers and OEMs.” Read the full article here.
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