Robert Bosch Venture Capital Ups Stake In Allegro.AI

The corporate venture capital arm of the Bosch group, Robert Bosch Venture Capital, has announced that it has increased its financial stake in the Israel-based startup Allegro.AI, a firm focused on AI deep learning in relation and as applied to computer vision tech

With the new funding taken into account, the firm has now collected a total of $11 million in investments from a variety of prominent venture capital arms — including Robert Bosch Venture Capital, Samsung Catalyst Fund, Mizmaa Ventures, Dynamic Loop Capital, and JumpGate Ventures.

The managing director of Robert Bosch Venture Capital, Dr Ingo Ramesohl, commented on the news: “One key challenge in deep learning based solutions available in the market today, is that ‘learning’ stops when products — for example security cameras or autonomous vehicles — are deployed to the field. Providing deep learning solutions for computer vision that function in real-world scenarios is an industry wide challenge, and of strategic importance to Bosch.”