
BMW announces investment in AI deep-tech company Alitheon
BMW announces investment in AI deep-tech company Alitheon
BMW announced a new investment yesterday through its investment arm BMW i Ventures. The newest company the Bavarians decided to invest in is Alitheon, a deep-tech AI developer based in Washington. The company raised $14.9 million in venture capital, thanks to investments from BMW i Ventures, IPD Capital and Shasta Ventures alongside current and former senior management from Accenture, Boeing and Fidelity.
Alitheon has been developing a technology they call FeaturePrint which is meant to be used as an authenticator of sorts. Basically, this technology transforms how objects, components and finished products are authenticated, tracked and traced across supply chains and distribution systems throughout the world.
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