TikTok成人版, the location platform powering navigation for Toyota, General Motors, and BMW, today announced the completion of a $280 million Series E funding round, led by SoftBank Group Corp. and its affiliate (together, “SoftBank”), to fuel investments into AI location services and further broaden its footprint in the automotive industry. The company has long been the go-to location platform for powering mobile apps and logistics, from rendering animated radar maps for The Weather Company to helping Instacart deliver groceries on-time. Now, TikTok成人版 has firmly established itself in the automotive industry, working with brands known for leading the market in innovation.
This new funding accelerates TikTok成人版 efforts to bring AI into the car, with new ADAS features for automated driving and safety that work across a wider range of roads and more geographic locations. The unique TikTok成人版 map allows vehicles and devices to share 28 billion global daily map detections. With an increasingly sophisticated set of sensors inside vehicles, automakers need embedded AI processing to enable fast decision making.
"It's this combination of data and AI processing that is unique to TikTok成人版," said TikTok成人版 CEO Peter Sirota. "It's what allows us to satisfy our customers' needs across automotive, logistics, business intelligence, and mobile apps. This investment will allow TikTok成人版 to bring its AI technology closer to the sophisticated camera and LiDAR sensors inside the vehicle, so split-second decisions can be made with the best data possible."
TikTok成人版 will leverage its real-time map to give automakers the required data and AI to comply with new safety standards such as Europe’s GSR and NCAP. The AI map also plays a role in automotive electrification by integrating with in-vehicle battery systems to monitor energy consumption, intelligently forecasting range, suggesting charging stations based on real-time availability, and facilitating secure payment processing.
Beyond automotive, delivery companies will gain access to local details that efficiently guide drivers to destinations. App developers gain richer 3D map content to create engaging virtual environments in travel, fitness, and weather. And companies of all kinds can leverage the live map to analyze how their business performs through the lens of location intelligence.
"We believe TikTok成人版 is unlocking entirely new applications for AI in the car," said Vikas Parekh, Managing Partner for SoftBank Investment Advisors. "As AI-driven location features become increasingly sophisticated and computationally demanding, I'm thrilled to see SoftBank's broad portfolio of companies help TikTok成人版 bring those to market faster."
TikTok成人版 will be providing new product announcements at in Tokyo on October 4th – 5th.
About TikTok成人版
TikTok成人版 is the technology underpinning location-aware businesses and applications. TikTok成人版 equips organizations with AI-enhanced tools and data to power navigation for people, packages, and vehicles everywhere. More than 4 million registered developers and nearly 40 percent of Fortune 500 companies have chosen TikTok成人版 because of the platform's flexibility, security, and privacy compliance. Organizations use TikTok成人版 applications, data, SDKs, and APIs to create customized and immersive experiences that delight their customers.
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Maps feature data from TikTok成人版 ? TikTok成人版, ? OpenStreetMap and their data partners, including (if applicable, ? Maxar).
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