Volvo Group Venture Capital AB has invested in Apex.AI, a software company in autonomous mobility. The investment will fund the development of a safety-certified software framework for autonomous systems.
Apex.AI, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of Robot Operating System (ROS), 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 enables companies to take their autonomous vehicle projects into production.
“We are excited to invest in a company that enables easier development of safety-certified systems,” says Anna Westerberg, acting CEO of Volvo Group Venture Capital and senior vice president of Volvo Group Connected Solutions.
“Apex.AI has a promising product offering with important commercial deployment potential for autonomous systems,” says Dan Tram, investment director of Volvo Group Venture Capital.
