The Venn diagram of engineers that know a bit of bit about AI, self driving, and mining has a small intersection. Pronto.ai CEO Anthony Levandowski needs as a lot of these individuals as doable. And an acquisition helps him obtain that objective.
The San Francisco-based startup, which has developed a self-driving system designed for haulage vans and different off-road autos used at building and mining websites, has acquired competitor Secure AI, TechCrunch has discovered.
Phrases of the deal haven’t been disclosed. Nonetheless, Levandowski stated the acquisition is a expertise and know-how play. The majority of the small 12-person startup’s engineering workforce and its IP will come over to Pronto. A supply aware of the deal stated Secure AI acquisition worth was in “the tens of millions.”
“Within the autonomous haulage system area, there’s actually form of two gamers — it’s SafeAI and us,” Levandowski advised TechCrunch in a latest interview, including that SafeAI and Pronto have taken completely different approaches to the market. “We’ve been rising a ton and wanted so as to add extra individuals and sources to the workforce, so it made sense to buy them … have extra wooden behind fewer arrows in order that we may develop sooner.”
Pronto, which was co-founded with Ognen Stojanovski in 2018, makes use of superior sensors, cameras and synthetic intelligence to function haul vans autonomously. Pronto additionally makes use of Pollen Cellular, a peer-to-peer open supply cellular knowledge community the startup launched in 2022 that permits it to trade knowledge anonymously and at excessive speeds with out counting on legacy carriers. Pollen is used to help websites with little to no connectivity.
Pronto has saved its workforce pretty lean at about 40 individuals. The SafeAI acquisition will assist Pronto serve extra clients, together with internationally, Levandowski stated. Final yr, Pronto prolonged a partnership with Heidelberg Supplies North America, one of many largest construct supplies and cement producers on this planet, following a pilot program on the firm’s Bridgeport Quarry in Texas. Pronto’s know-how is built-in into Komatsu haulage vans, which operates autonomously on the web site.
Earlier this yr, Pronto announced an agreement with Heidelberg to deploy greater than 100 autonomous vans and increasing its workforce in Brazil.
The acquisition may even enable Pronto meet quite a lot of wants from small quarries to giant mines.
Notably, the acquisition will enable Pronto to supply clients a tiered know-how portfolio. Pronto is understood for its camera-only method. SafeAI, which was based in 2017 and raised $38 million in Sequence B spherical of funding three years in the past, makes use of a number of sensors on-vehicle cameras, radar, and lidar. Pronto plans to supply the multi-sensor method in addition to use SafeAI’s security framework that has been ASIL D-certified, the very best security integrity stage within the business.