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Toyota Invests $100M in New Venture to Develop Disruptive Tech

New Toyota AI Ventures provides financing to tech startups.

by on Jul.12, 2017

Toyota's Gill Pratt said the new venture continues the company's long-standing tradition of introducing disruptive technologies.

The Toyota Research Institute plans to invest $100 million to launch Toyota AI Ventures, a new subsidiary designed to provide early-stage financing to startup technology companies.

Toyota AI Ventures will offer TRI the opportunity to collaborate with talented entrepreneurs who prefer to work in a venture business environment.

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“Toyota has a history of disruptive innovation in the service of mankind, moving from textile machinery to automobiles in the late ’30s, to the broad electrification of the automobile with Prius in the ’90s, to autonomous mobility and human assist robots,” said Gill Pratt, CEO of TRI. (more…)