Venti Technologies
Assembly Line
🧠🚚 Venti Aims To Bring Autonomous Vehicles To Ports, Factories And Airports
Venti Technologies, based in both Singapore and Boston, Massachusetts, is helping to advance the category with its autonomous logistics for industrial and global supply chain hubs. The technology and algorithms behind Venti were invented by Dr. Daniela Rus, who is also the director of CSAIL—the MIT Computer Science and Artificial Intelligence Laboratory, which in the past has been the source of many start-ups representing some $2 trillion in revenue.
Preparing a container port of this size for the use of autonomous vehicles is no small technological feat. The container port is six kilometres on a side and Venti had to GPS map the facility down to a meter. Then, using mathematical modelling, deep learning, and theoretically grounded algorithms, Venti’s proprietary platform of autonomy technologies, including a suite of powerful logistics algorithms is deployed to automate the interactions between vehicles at one of largest and most technologically sophisticated ports in the world.
Venti Technologies Announces $28.8 Million Series A Funding to Automate Global Logistics and Industrial Hubs
Venti Technologies, a world leader in autonomous logistics for global supply chain and industrial hubs, today announced that it has secured $28.8 million in a Series A financing. The financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners. The funding will be used to accelerate Venti’s growth and meet increasing demand from customers worldwide.