Ottometric—an emerging technology leader in the validation of Advanced Driver Assistance Systems (ADAS)—announced a $10 million Series A funding round. Schooner Capital led the round, which included existing investors Rally Ventures and Proeza Ventures and new investors PS27 and Somersault Ventures. The new funding will support Ottometric’s rapid growth and accelerate the development of its breakthrough ADAS validation platform.
ADAS includes safety-critical features like AEB (Automatic Emergency Braking) and LDW (Lane Departure Warning), and driver-assistance features such as ACC (Adaptive Cruise Control) and TSR (Traffic Sign Recognition). ADAS solutions are created and validated using data from a complex network of sensors, including cameras, radar, lidar and ultrasonic sensors. But the usual validation process remains inefficient and unscalable. Automakers and suppliers usually spend over a year and up to $100 million per vehicle model on ADAS development and testing to comply with government regulations and ensure safety. This process produces petabytes of data, which are usually manually analyzed before the start of vehicle production.
Ottometric’s AI-based platform automates and streamlines ADAS development and validation, helping companies identify and fix sensor, system and software issues. And 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%.
New board member: As part of the investment, Orhan Gazelle, Managing Director at Schooner Capital, will join Ottometric’s Board of Directors.
KEY QUOTES:
“Ottometric is tackling one of the most pressing challenges in automotive technology today: the skyrocketing cost and complexity of ADAS validation. 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.”
– Joseph Burke, Founder and CEO of Ottometric
“Ottometric’s AI-powered platform delivers a remarkable improvement in efficiency, reducing costs while enhancing the reliability of ADAS solutions. We are excited to support Ottometric in helping manufacturers navigate regulatory challenges and bring safer, more advanced driver assistance systems to market faster than ever before.”
– Orhan Gazelle
