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One of the sources indicated that the valuation might fluctuate as the round moves forward.
Momenta creates software and algorithms that car manufacturers can utilize to incorporate specific autonomous driving functions.
Its sophisticated driver assistance systems (ADAS) allow vehicles to automatically switch lanes.
This week, the startup finalized an agreement with Mercedes-Benz to incorporate its technologies into the driver assistance system of the upcoming electric CLA in China. The solutions will function on highways, urban roads, and during parking.
According to a CNBC source familiar with the situation, Momenta's technologies will eventually be incorporated into 40 models of Mercedes-Benz.
source: cnbc.com
Momenta creates software and algorithms that car manufacturers can utilize to incorporate specific autonomous driving functions.
Its sophisticated driver assistance systems (ADAS) allow vehicles to automatically switch lanes.
This week, the startup finalized an agreement with Mercedes-Benz to incorporate its technologies into the driver assistance system of the upcoming electric CLA in China. The solutions will function on highways, urban roads, and during parking.
According to a CNBC source familiar with the situation, Momenta's technologies will eventually be incorporated into 40 models of Mercedes-Benz.
source: cnbc.com