Teraki builds AI and edge data-processing software that makes applications and algorithms run up to 10X more efficiently on constrained automotive and IoT hardware while preserving data quality for machine learning. Its Intelligent Signal Processing product extracts more information from telematics, video and 3D point-cloud signals with an ultra-low footprint suitable for safety-critical and certifiable embedded systems. The technology is used for predictive maintenance, crash detection, object detection, sensor fusion, AD and ADAS applications, and the company cites engagements with automotive OEMs, Tier 1 suppliers and semiconductor customers. Teraki highlights partnerships with Microsoft and Infineon and says its software enables devices to communicate and accelerate AI up to 10X more efficiently. The company employs about 40 people and will use new funding to grow the team, accelerate the product roadmap and expand into the U.S. and Asia (it recently opened offices in Seoul and Tokyo). Financially, Teraki closed an $11M Series A, bringing total capital invested to $16.3M, and plans to target the $395 billion automotive electronics market while expanding into drones, robotics and other IoT sectors. Teraki develops embedded, pre-processing software that reduces and structures the vast amounts of sensor and control-unit data generated in vehicles so lower-power automotive hardware can process it. When embedded in ECUs, MCUs and TCUs, the software aims to improve vehicle safety and autonomy while lowering operational costs. The company has completed several pre-production validations with premium automotive manufacturers and has performed integrations on a variety of microcontrollers. Teraki plans to use new funding to continue to expand its operations. The company is led by CEO and co-founder Daniel Richart and co-founder/CTO Markus Kopf. As of this round the company has raised a total of $5.3M. Teraki provides AI-based Intelligent Signal Processing software that enables edge data processing and delivers more than a 10X increase in automotive chip, communications and learning performance. Its technology targets resource- and cost-constrained automotive ECUs and networks to make highly accurate AI applications possible at scale in embedded environments. Teraki has completed several pre-production validations with premium automotive manufacturers and chip suppliers and has ongoing proofs of concept with additional OEMs. The company plans to use recent financing to support growth of automotive customer implementations and to accelerate development of its product roadmap. Teraki is privately held, headquartered in Berlin, and was founded by co-founders Daniel Richart and Markus Kopf, who lead a research team of more than 10 researchers. The team emphasizes adapting high-end data-analytics techniques to the constrained automotive infrastructure and other data-intensive IoT markets over time.

Total raised

$16M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2019