Lawrenceville startup Edge Case Research has secured $7 million in funding to expand the Carnegie Mellon University spinout’s development of Hologram, an intelligent safety assessment platform for autonomous vehicle software.
Chris Urmson, co-founder and CEO of Aurora, and ANSYS, a global leader in engineering simulation, led the seed round, with participation from Lockheed Martin Ventures, Liberty Mutual Strategic Ventures, Trucks VC and Pittsburgh’s BlueTree Allied Angels.
As a part of the investment, Urmson and Matt Zack, ANSYS vice president of corporate marketing and business development, will join the Edge Case board.
Edge Case makes autonomy safe by delivering software and services to tackle complex AI safety problems. Autonomy and safety experts from CMU founded the company in 2013. Its growing client base spans diverse markets, including automotive, aerospace, defense, consumer electronics and industrial power systems.
“I am honored to bring together an ecosystem of investors with industry expertise, and to be playing a significant role in the advancement of safe autonomous vehicles,” Edge Case CEO Michael Wagner said in a statement. “Most importantly, we’ve built an investor group that shares our mission to empower innovators to bring safe, trustworthy technologies to market. This ambitious vision is behind everything we do.”
