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Autonomous driving system developer Ghost Locomotion has raised a $100 million Series D funding round, led by Sutter Hill Ventures. Returning investor Founders Fund also participated in the round, along with Coatue. The money will be used toward R&D as the company continues to develop its highway self-driving and crash prevention technology.
Ghost has been working on a universal collision avoidance technology. The system is premised on the idea that an autonomous driving system doesn’t need to recognize and categorize objects prior to avoiding them – a major paradigm shift. Most systems begin by identifying an object and then use image localization to determine its size, distance and other relevant features.