29 May '16, 2am

Singapore set to lead the world with driverless taxis, with help from MIT

Hard on the heels of the Drum’s launch in Singapore last week, comes the news that the dynamic island nation may have another coup up its sleeve: it could be first city in the world with a fleet of driverless taxis. The startup nuTonomy Inc - based in Cambridge, Mass, and Singapore - has revealed that it raised $16 million to continue work on its autonomous vehicle technology. The man behind it all is Karl Iagnemma who grew up in Detroit, where many of his family members worked in the auto industry. Iagnemma was an intern at General Motors for three summers, a position that provided him a partial scholarship to the University of Michigan, where he graduated first in his class with a degree in engineering. “Cars have always been part of my DNA,” said Iagnemma, The funding for the Singapore venture was led by Highland Capital Partners LLC with additional capital from Signal ...

Full article: http://www.thedrum.com/news/2016/05/29/singapore-set-lead...

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