Investment in new technologies to enable autonomous vehicles has taken off in the last decade.
According to our calculations, total cumulative funding for AV technology had reached $37 billion in May 2019, and is poised to set a new record by the end of the year!
So, what does this say about the future of our industry?
“Clearly, the train has left the station. When you combine Silicon Valley’s investment and innovation with Detroit’s productization discipline, you’re going to see greater transformation in the automotive industry in the next decade than any time in its history.”
– Jim Robnett, VP of Automotive Business Development, AEye