Kishonti’s automotive and AI spin-off raises $2.5 million in Series A funding

July 30, 2015

The automotive and AI startup develops integrated and cost-effective driver assistance software for next-generation application processors. 

AdasWorks, a spin-off of Kishonti Kft. closed a Series A-round with $2.5 million. The investment was co-led by Robert Bosch Venture Capital GmbH (RBVC) and Inventure, followed by the Hungarian OTP-Day One Seed Investment Fund and angel investor Tim Draper.

AdasWorks is an automotive software and AI research startup focusing on computer vision, artificial intelligence and navigation technologies and aiming at developing cost-effective Advanced Driver Assistance Systems (ADAS) software for next-generation application processors. Besides growing the company’s engineering team and building up infrastructure, the funding will be used for productizing the company’s solutions for automotive clients. Read the full press release here

Kishonti, the leader in performance optimization and benchmarking technologies for the semiconductor industry continues to provide high-end graphics, compute and automotive performance measurement tools for its clients and users, keeping all related IP, research and product development. 

“Having more than a decade experience in cooperating with leading technology companies, Kishonti Kft. continues to operate with the aim of developing industry-standard benchmarks by focusing on the latest requirements and trends. I strongly believe that the management and engineering teams will keep up the work with creating performance analytics tools for the most advanced use-cases and technologies emerging in the industry (from graphics to computer vision-based applications of embedded automotive, and further new markets),” says Laszlo Kishonti, owner of Kishonti Kft., founder and CEO of AdasWorks. 


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