Mando Invests in Helm.ai’s $30M Series B
We’re off to an exciting start to 2022 here at Helm.ai.
Right on the heels of our announcement that Honda joined our $30M Series B funding round, we’re pleased to announce that Mando, a Halla Group company, has also made a financial investment in our Series B. The additional investment will enhance our efforts to remain at the forefront of the industry in artificial intelligence software for autonomous driving as well as robotics.
“Mando is a well regarded Tier 1 known for delivering quality technology solutions for the automotive industry and Helm.ai is excited to have received a sizeable investment from its leadership,” said our CEO, Vlad Voroninski, “We look forward to using the new funding to hire new talent and expand our core offering.”
Mando Corporation (KS 204320) is a leading global automotive parts supplier, specialized in xEV and autonomous driving solutions with an A grade in the MSCI (2021) ESG ratings. The company was founded in 1962 and is headquartered in the Republic of Korea. Mando offers state of the art driving systems (Brake, Steering, Suspension, Propulsion, Power solutions) along with Software solutions for vehicle manufacturers and newly emerging mobility service providers in three technology domains of vehicle integrated safety, autonomous driving and electric mobility that allows vehicles to intuitively sense, deliberate and move cleverly.
“We’re very excited about Helm.ai’s promising artificial intelligence software and the potential to set a new standard for the development of fully autonomous systems,” DJ (Dongjoon) Cha, Head of Mando Innovations Silicon Valley said, “We have high hopes that our investment will accelerate more AI solutions from the rising company.”
Helm.ai’s scalable approach to autonomous driving also drew acclaim in January at CES 2022 in Las Vegas. The strength of Helm.ai’s Deep Teaching technology has positioned the company to make great strides in the area of artificial intelligence for safety critical systems.