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SafeAI Raises $38 Million Series B Funding to Accelerate the Deployment of Autonomous Heavy Equipment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: SafeAI, Moog

SafeAI, a global leader in autonomous solutions for heavy equipment, today announced a $38 million Series B round of funding with key investors including Builders VC, McKinley Management, George Kaiser Family Foundation, and Energy Innovation Capital. Additionally, Moog Inc. joined the round as a strategic investor. SafeAI retrofits construction and mining vehicles with aftermarket hardware and proprietary autonomy software that delivers significant gains in increased worksite productivity, safety and cost savings. The company will use the funding to accelerate their autonomous vehicle technology roadmap, and to scale operations globally to service and deploy their growing customer base.

Read more at Globe Newswire