dRISK promises to revolutionise autonomous vehicles(AVs) enabling it to win the largest grant from the UK’s Centre for Connected and Autonomous vehicles. The £1.7m super-seed round was led by Foresight Williams Technology (“FWT”) Funds.
The global market for AI training data alone is currently valued at $1.5 billion. FWT’s investment will accelerate the development and growth of dRISK as a central technology for AV development.
Chess Stetson, Chief Executive of dRISK, commented: “This investment will allow dRISK to accelerate our business plan and achieve our goal of introducing the dRISK product to the majority of the AV industry.”
Hugh Minnock, Senior Investment Manager at Foresight, added: “Foresight Williams Technology is delighted to invest in dRISK, a hugely exciting company that will hasten the Autonomous Vehicle revolution and the decarbonised future we expect to follow.”
