Clearpath’s unmanned ground vehicle (UGV), Jackal
Hyundai Motor Co. has invested $5 million in Clearpath Robotics Inc., a Canada-based robotics startup, in a stepped-up push to transform into a comprehensive provider of future mobility.
According to its 2020 business report filed with the Financial Supervisory Service on Tuesday, the top South Korean automaker made the investment in December of 2020.
Headquartered in Waterloo Region, Canada, Clearpath was founded in 2009 to streamline field robotics research for universities and private companies, but the company has since expanded to manufacturing self-driving vehicles for industrial use and developing robotics software.
Clearpath’s products include its unmanned ground vehicle (UGV) Jackal and OTTO 1500, a heavy-duty autonomous mobile robot that can move pallets, racks and other large payloads through dynamic and human-dense environments.
Ga-yung Chu Mar 17, 2021 (Gmt+09:00)
ENG
Allganize CEO Lee Chang-su during a Zoom interview with The Korean Economic Daily on Mar. 10, the day after the firm raised $10 million.
“Companies that haven t adopted artificial intelligence may eventually cease to exist,” said Lee Chang-su, founder and chief executive of the Silicon Valley-based startup Allganize, explaining why he became a serial entrepreneur in an interview with The Korea Economic Daily on Mar. 10.
Founded in 2017, Allganize is a startup that offers cognitive search solutions. Lee established the AI startup after a three-year stint as a senior vice president at the US-based mobile monetization platform Tapjoy, which had acquired his data analytics firm 5Rocks in 2014.