Teraki

The company's business model is centered on providing its embedded software to automotive original equipment manufacturers (OEMs), Tier 1 suppliers, and semiconductor producers. Teraki's technology allows these clients to run advanced AI applications for functions like autonomous driving, predictive maintenance, and sensor fusion without needing costly high-performance hardware. The software is designed to make applications and algorithms run up to 10 times more efficiently while preserving data quality, which is crucial for training machine learning models. This efficiency helps reduce the bill of materials, energy consumption, and heat production in electronic control units.

Teraki’s product suite includes software development kits (SDKs) for various sensor types, including video, radar, and lidar (3D point clouds). These products, such as T-Video, T-Lidar, and T-Radar, use machine learning to pre-process sensor data, reduce its size, and improve the accuracy of object detection and other critical tasks. For instance, the company claims its software can lead to 20% safer and more reliable autonomous vehicles. The solutions are deterministic and can be certified for safety-critical applications, meeting standards like ASIL B and ASIL D. To facilitate client adoption, Teraki launched the Teraki DevCenter, a cloud-based environment where customers can train the company's algorithms with their own data.

Since its first funding round in 2015, Teraki has raised a total of $16.3 million over nine rounds. A significant Series A funding round in late 2019 and early 2020 brought in $11 million from investors including Horizons Ventures, Paladin Capital Group, and State Auto Labs. This capital has been used to accelerate its focus on the automotive market, expand into the U.S. and Asia with offices in Tokyo and Seoul, and grow its team. The company has established partnerships with major technology firms like Microsoft and Infineon to broaden the application of its software.