Autobrains, an AI developer for autonomous vehicles, has raised $101 million in a Series C financing round led by Temasek – a global investment company headquartered in Singapore.

Additional participants in the round included new investors through Knorr-Bremse AG and VinFast, as well as the company’s existing investor BMW and its long-term strategic partner, Continental AG.

The automotive industry is transitioning toward more sophisticated ADAS and enhanced autonomy. Likewise, beginning with EU countries, regulation mandates that advanced safety systems are fitted in new vehicles from mid-2022. Based on over 250 patents and a decade of R&D, Autobrains’ mature technology provides an affordable, advanced, AI solution for OEMs looking to enhance the safety and autonomy of their vehicles.

Herzog Fox & Neeman served as legal advisor to Autobrains in this transaction with a team led by the Head of Hi-Tech, Hanan Haviv, and partner Dan Sharot. Autobrains is also working with leading banks, J.P. Morgan and Rothschild & Co. on its growth strategy.