3 in Finance
12/25: Turing Motors (Tokyo, Japan), a developer of self-driving AI software for autonomous vehicles, raises $36.25 million (¥5.5 billion) in Pre-Series A funding, led by ANRI, with participation from Mizuho Financial Group, Canon, Sony Financial Ventures, Mitsubishi Capital, and others. (Link)
12/17: Aviva Links (San Jose, CA), a developer of automobile connectivity technologies for autonomous driving systems, announces acquisition by NXP Semiconductor (NAS: NXPI) for $242.5 million. (Link)
12/17: Slip Robotics (Norcross, GA), a developer of an autonomous robotic platform for trailer unloading, raises $28 million in Series B funding, led by DCVC, with participation from Overline, Tech Square Ventures, Eve Atlas, Hyde Park Venture Partners and Pathbreaker Ventures. (Link)
3 for Fun
GM exits robotaxi business and halts funding on Cruise, shifting focus to further developing their driver assistance technology. (Link)
Tesla unveils its robotaxi, Cybercab, which is set to become available in 2026. (Link)
TuSimple rebrands into CreateAI, pivoting from autonomous trucking into AI gaming technology. (Link)
Big movers — month over month stock performance
Innoviz gains 142%; KORE Wireless gains 70%; Ouster gains 26%
AEye falls 42%; Luminar falls 39%; Samsara falls 18%
