Venti Technologies, a safe-speed autonomous transportation startup located in the United States and Asia, has announced an $8 million initial investment round led by LDV Partners and Alpha JWC Ventures.
Venti’s ability to fulfil new and existing customer agreements with global ports operator PSA Corporation, automotive manufacturer SAIC Volkswagen and SAIC-GM, automotive logistics provider SAIC Anji Logistics Tech, and real estate developer and operator Seedland will be enhanced as a result of the investment.
Lake Dai, partner at LDV Partners, and Chandra Tjan, cofounder and general partner at Alpha JWC, will join the Venti Board, bringing the total number of members to five.
While LDV Partners is a deep tech VC company that focuses on ground-breaking technical teams, this is Alpha JWC Ventures’ first investment in autonomous cars, which the firm considers a “game-changer” and “a first for Asia” among the 28 projects fueled by its US$123-million fund thus far.
Founded in 2018 by a clutch of MIT professors in computer science, artificial intelligence, and electrical engineering, Venti Technologies employs mathematical modelling and theoretically grounded algorithms to ensure safety, reliability, cost-effectiveness and top performance.
The technology is used in industries such as ports, airports, factories, warehouses, mining, agriculture, and communities where safe speeds are required.
“We are delighted with the partnership and support these influential investors are providing Venti as we scale our operations and build our base globally, including targeting growth opportunities in Asia, Europe, and the US,” said Heidi Wyle, PhD, founder and CEO of Venti. “Their understanding of our innovative technology and huge markets make them particularly powerful partners.”
