Compredict Raises $15M in Series B to Advance AI Solutions for Software-Defined Vehicles
Compredict aims to transform the automotive industry by providing advanced AI-driven insights that enable automakers to offer enhanced digital services and applications focused on vehicle-centric experiences.
Company Name: Compredict
Location: Darmstadt, Germany
Sector: Automotive Technology, Artificial Intelligence
Funding Details: Raised $15M in Series B funding. The round was led by Woven Capital, Toyota’s growth fund, with participation from existing investor Shift4Good.
Purpose of Investment: To expand its global footprint, diversify its product offerings, and enhance large-scale deployment capabilities.
Leadership: Led by CEO and Co-founder Dr. Stéphane Foulard, and CTO and Co-founder Rafael Fietzek.
Product: Compredict specializes in AI-powered solutions for sustainable mobility, particularly in the development of virtual sensors for software-defined vehicles. These virtual sensors allow automakers to optimize vehicle design, usage, and maintenance. Compredict’s AI process converts existing vehicle data into actionable insights for predictive maintenance, driver coaching, car health certificates, and informs car design to better meet real-world conditions.
About Company: Compredict aims to transform the automotive industry by providing advanced AI-driven insights that enable automakers to offer enhanced digital services and applications focused on vehicle-centric experiences. The company's innovative approach helps in reducing costs, improving vehicle performance, and delivering greater value to customers. With this latest funding, Compredict is poised to rapidly expand its reach and impact in the automotive sector, driving forward its mission of advancing AI technologies and sustainable mobility solutions.