The company has also announced a partnership with Ford-owned Autonomic to address key challenges in the field of self-driving technology
rideOS, a technology platform designed to accelerate the safe, global roll-out of self-driving vehicles, has raised $9 million in Series A funding. Sequoia Capital led the round with participation from Graph Ventures and SV Angel, and Sequoia partner, Mike Vernal, has joined rideOS’s board of directors.
The company has also announced its partnership with Ford-owned Autonomic, to address key challenges in the area of self-driving vehicle technology.
rideOS was started in June 2017 by two founding members of Uber’s Advanced Technology Division (ATD) on mapping and self-driving vehicle technology. rideOS CEO Justin Ho was formerly the head of strategy for Uber’s ATD, and rideOS CTO Chris Blumenberg served as head of map services at Uber. Both were passionate about bringing self-driving vehicles to market in a safe way, so they built rideOS to be a platform-agnostic distributor of critical information across fleets.
The platform provides a broad set of products and services that can be used as building blocks for developing on-demand self-driving services. Its core services operate in real-time through the cloud and include autonomous vehicle routing, estimated time of arrival calculations, dispatch, supply positioning, multi-rider trip planning, and fleet management dashboards.
"We’re building the next generation air traffic control system for ground transport to help ride-hailing companies, OEMs, mobility start-ups, and governments bring fleets of self-driving vehicles to the world safely," said Ho.
He added: "In order to bring millions of self-driving vehicles to the world and create a safe and efficient self-driving ecosystem for consumers, we need to ensure that safety-critical information like traffic conditions, accidents, harsh weather, construction zones, and potholes are immediately and accurately communicated to every vehicle operating in the area."
Autonomic, which was acquired by Ford Smart Mobility in 2018 and is a wholly owned subsidiary, created the first open cloud-based mobility platform that connects and empowers mobility systems with the goal of creating a safer and more sustainable transportation network. Its Transportation Mobility Cloud (TMC) allows developers and automakers, in addition to Ford, to connect diverse components of urban mobility systems such as vehicles, mass transit, pedestrians, city infrastructure, and service providers.
Through the TMC, rideOS can offer routing and marketplace services to Autonomic’s OEM customers, like Ford. The partnership will allow both companies to build more robust platforms to accelerate the safe roll-out of connected vehicle technology.
"We share a vision of a future where cities’ transportation networks are fluid and connected via large-scale infrastructure. By integrating with rideOS’ unparalleled routing engine and accompanying suite of services, Autonomic is able to provide customers with technology to enable self-driving fleets and connected vehicles," said Autonomic CEO, Gavin Sherry.
rideOS will use the latest funding for recruiting, platform research and development, and additional partnerships.
"There are dozens of teams focused on bringing a single self-driving car to market," said Mike Vernal, partner at Sequoia and rideOS board member. "rideOS is focused on what happens next — what you need to enable a fleet of self-driving vehicles. Their technology has a true network effect — every car that plugs into their network makes every other rideOS car safer and more efficient."
If you like this, you might be interested in reading the following:
Civil Maps joins Renovo ecosystem
Protocol standardisation aims to give autonomous vehicle developers greater supply chain diversity, flexibility, and efficiency
Self-driving market a reality in the US by 2026
This is according to new research by Juniper that predicts one in four new vehicles sold will be driverless
Ford aims to introduce fully driverless car for ride-sharing in 2021
The carmaker is joining forces with four start-ups to enhance its autonomous vehicle development