This latest round of funding will be used to productize these vital offline cloud-based development platforms alongside high-value components of Five’s online vehicle software. Together, these will provide global partners with the means to bring needed performance and engineering certainty to their self-driving programs and deliver the assurance evidence required for their safety cases, both of which will be essential for meaningful public road deployments and the widespread commercialisation of self-driving technology.
Five’s founding team has collectively built businesses that have sold for more than $1 bn, and the company has established close ties with some of the world’s leading academic institutions. With origins in the communications chip industry, Five’s founders are experts in the use of cutting-edge tools and techniques to verify deep technology, including finding and addressing residual bugs in high-complexity silicon and software. The team is now applying this knowledge to the challenges of self-driving, which it is well on track to solving.