Self-Driving Car Startup NuTonomy in Talks to Raise New Funds
- Software developer aims for full commercial launch in 2018
- NuTonomy targets ’multiples’ of previous $16 million round
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NuTonomy Inc., a self-driving car startup backed by Ford Motor Co. Chairman Bill Ford and Singapore’s government, is in discussions with potential investors for a new round of funding as it works toward a full commercial launch in 2018.
“We’ve had interest from every corner of the globe because it is really a global opportunity,” nuTonomy Chief Executive Officer Karl Iagnemma said in an interview. “The challenge is to find the right investors and make sure you’re aligned with groups who share your strategic vision.”