FiveAI

This company is developing driverless car technology that it says will integrate into any modern car. FiveAI is due to begin the first service trial of its system next year in London and aims to develop a fully autonomous shared taxi service, tapping into Europe’s transport market, worth an estimated $400bn. Chief executive Stan Boland, 58, founded the company in 2015 after having previously led Acorn Computing and served as a director at ARM. He also ran Element 14, a chipset business spun out from Acorn, and oversaw its sale to Broadcom for $640m in 2000. The company raised $35m in 2017 in a round led by Lakestar and Amadeus Capital Partners, reportedly the highest amount of funding for an autonomous car company in Europe. It has also received a £12.8m grant from the UK government to develop a self-driving car pilot for London, as part of a consortium that includes TfL, Oxford University and the insurer Direct Line.

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Company details
Year2018
CompanyFiveAI
ActivityAutonomous vehicle developer
LocationCambridge
Founded2015
Websitewww.five.ai

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