3 in Finance

5/20: Overland AI (Seattle, WA), a developer of off-road autonomous vehicle technology for the defense sector, receives $10 million in seed funding led by Point72 Ventures with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital, and Cubit Capital. (Link)

5/14: Gatik AI (Mountain View, CA), a developer of autonomous vehicle software for logistics and trucking, secured a $30 million investment from Isuzu Motors Ltd. This partnership will be focused on developing autonomous driving technology for B2B middle-mile delivery logistics. (Link)

5/2: Motional (Boston, MA), an autonomous vehicle company formed as a joint venture between Hyundai and Aptiv, receives a $1 billion investment from Hyundai, giving Hyundai majority stake in the company. (Link)

3 for Fun

Waymo currently under investigation by the National Highway Traffic Safety Association for 22 incidents of traffic safety violations (Link)

Volvo reveals its first production ready self-driving truck, the Volvo VNL Autonomous, powered by technology by Aurora Innovation (Link)

iRobot hires Gary Cohen as new CEO to help bring the company back to profitability following the failure of the $2B Amazon deal (Link)

Big movers — month over month stock performance

AEye gains 53%; Ouster gains 31%; Rivian gains 19%; Luminar gains 17%

Li Auto falls 25%; KORE Wireless Group falls 19%; Aurora falls 16%