Logistics

Venti Technologies Announces $8 Million Funding To Continue Scaling its Autonomous Mobility for Logistics, Supply Chain and Transportation Markets

Venti Technologies, a pioneer in high-speed autonomous logistics systems, announced that it has raised $8 million in a seed round of funding. The funding round was led by LDV Partners and Alpha JWC Ventures. Both have a track record of assisting pioneering technical teams in building successful companies in their respective fields. The investment will help Venti maintain its leadership in AI-enabled autonomous logistics transport by fulfilling new and existing customer agreements with PSA Corporation, a global ports operator with 60 ports under management; automotive manufacturers including SAIC Volkswagen and SAIC-GM; the world's largest automotive logistics provider, SAIC Anji Logistics Tech; and Seedland, a top Asian real estate developer and operator.

Venti is a safe-speed autonomous mobility company that paves the path for new transportation for moving goods and people. The company provides autonomous systems such as tug-trailers for goods movement in manufacturing yards, warehouses, logistics hubs, self-driving prime movers for shipping container transport, and small luxury community transports. Venti's deep-learning-powered autonomous operating system (OS) powers vehicles from the company's leading manufacturing partners. The company's OS can be quickly combined with nearly any combination of sensors and chasses.

Venti Technologies was founded by Dr. Wyle, along with Daniela Rus, Ph.D., Director of the MIT Computer Science and Artificial Intelligence Laboratory, Andrew and Erna Viterbi, Professor of Electrical Engineering and Computer Science at MIT and a MacArthur Fellow, and Saman Amarasinghe, Ph.D., Professor of Electrical Engineering and Computer Science at MIT, and Xinxin Du, Ph.D. The technology combines computer science, artificial intelligence, and transportation innovation for driverless vehicles in high-speed applications such as ports, airports, factories, warehouses, mining, agriculture, and communities.

About Venti Technologies
Venti Technologies is a safe-speed autonomous mobility company based in the United States and Asia that is developing the future of transportation for moving goods and people. Venti has created a unique collection of autonomy technologies, including a suite of special-purpose logistics algorithms, using rigorous mathematical modeling, deep learning, and theoretically-grounded algorithms. Customers recognize and value Venti's proven value proposition of cost savings, increasing car utilization, improved safety, and supply of COVID-friendly autonomous vehicles, which is driving growth. In addition, Venti, which was established in 2018, brings together an unmatched international team. Currently, the company has autonomous systems installed in Asia for industrial, logistics, residential, and recreational sites and a growing pipeline in the global logistics marketplace.

About LDV Partners
LDV Partners is a deep tech VC firm founded by a team of experienced company builders, industry experts, and anchor investors committed to assisting entrepreneurs in their pursuit of success. LDV Partners makes early-stage investments in robotics and artificial intelligence, precision health and wellness, smart enterprise, digital consumer, and sustainability/new energy. LDV Partners, named after Leonardo Da Vinci, believes that disruption is created by combining multiple disciplines. We are happy to work with exceptional founders to create world-class companies.

About Alpha JWC Ventures
Alpha JWC Ventures is a Southeast Asian venture capital firm focused on early to growth-stage companies. Alpha JWC has built a solid reputation and clear market positioning as the leading venture capital firm, with one of the biggest on-the-ground teams in Singapore/Indonesia and a global network. It established its first fund worth USD 50 million in 2016 as Indonesia's first independent and institutional early-stage venture capital fund. Since then, the first fund has invested in 23 Southeast Asian companies, with more than 90% receiving follow-on funding and three being acquired by global corporations. The firm's second fund, worth USD 123 million, was closed in 2019 and was invested in 28 fast-growing companies.

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