This funding boost aims to transform the vehicle creation process. Traditionally spanning years, Secondmind's AI technology proposes to reduce this to mere months. The focus is on minimizing errors during the design and testing phases. This improvement could lead to 40% fewer prototypes, saving significant time and resources, particularly in EV production.
Naohito Saga, the head of R&D at Mazda, emphasizes the urgent need for speed and efficiency in car manufacturing due to evolving market demands and technological complexity. He expresses high hopes for this collaboration with Secondmind to enhance Mazda's vehicle production.
Secondmind plans to use the fresh funding to expand its sales and marketing efforts and further develop its innovative Secondmind Optimization Engine, a cloud-based solution. This investment also strengthens the ongoing partnership with Mazda in advancing AI research and educational initiatives.
Other key investors in this round include Amadeus Capital Partners, Atlantic Bridge Ventures, and Cambridge Innovation Capital, though their individual contributions to the $16 million total haven't been disclosed.
Source: Secondmind
