SINGAPORE, June 1, 2022 /PRNewswire/ -- MORAI, a leading developer of full-stack autonomous vehicle simulation technology in Korea, announced today that it will showcase MORAI SIM Drive, its true-to-life autonomous vehicle driving simulator at CommunicAsia 2022. As a part of the region's flagship tech event - Asia Tech x Singapore, CommunicAsia is Asia's most established and relevant international industry event for the telecommunications sector, showcasing the latest ICT technologies. This year, the event is held from June 1 to 3 at Singapore Expo and MORAI will demonstrate its latest autonomous driving simulation technology at the booth 4B3-01, 02.
MORAI to Showcase True-to-life Autonomous Vehicle Driving Simulator at CommunicAsia 2022
MORAI builds simulation tools and solutions for autonomous vehicles and autonomous systems. MORAI SIM Drive, true-to-life autonomous vehicle driving simulator can validate autonomous vehicles and provide simulation environments, sensors, and vehicle models identical to the real world. With the HD map and high-performance 3D graphic engine (Unity), MORAI SIM Drive automatizes building virtual environment and provides realistic network representation.
Featuring detailed photorealistic scenes such as complex city intersections and test racetracks, MORAI's simulation environments help customers perform verification and validation for their autonomous vehicles. MORAI's data-driven simulation approach delivers value along each step of the autonomous vehicle development process, from the project inception stage to the testing and acceptance trial stage.
"At MORAI, we believe simulation is the best solution to achieve full autonomy and we strive to secure a safer and efficient way to validate autonomous driving systems," said Jiwon Jung, CEO of MORAI. He added, "We are excited to showcase our latest innovation at CommunicAsia 2022, the premier ICT event in the region. We plan to leverage in-person engagement as an opportunity to foster global partnership and connect with leaders representing autonomous driving industry."
In February 2022, MORAI successfully secured a USD 23 million Series B funding round to expand its global presence. The round included investment from new investors Korea Investment Partners, KB Investment, and the state-run Korea Development Bank (KDB), as well as from existing investors Naver's D2 Startup Factory, Hyundai Motor Group's ZERO1NE, Kakao Ventures, and Atinum Investment, bringing MORAI's total funding to date to USD 27 million.
MORAI was co-founded in 2018 by autonomous driving researchers from the Korea Advanced Institute of Science and Technology (KAIST). Ever since, the company has established itself as South Korea's sole provider of full-stack autonomous vehicle simulation solutions. MORAI's competitive edge comes from its technology to automatically convert HD map data into digital twins, thereby providing large-scale simulation environments. At CES 2022, the company also unveiled a cloud-based autonomous vehicle simulation technology, which uses the cloud to build a myriad of simulation environments without hardware restrictions and enables simultaneous testing.
Having established its US office in the Bay Area in 2020, MORAI plans to further expand its global presence by establishing offices in Germany and Singapore. It provides products and solutions to a variety of customers, including South Korean conglomerate, local government authorities, universities, and other global simulation partners. Some of MORAI's prominent customers include Hyundai Mobis, Hyundai AutoEver, Naver Labs, and 42dot and research institution like KAIST and the Korea Transportation Safety Authority. It has also formed partnerships with various global players such as NVIDIA, Ansys, and dSPACE.
About MORAI
MORAI (www.MORAI.ai) was founded in 2018 as a startup by former Korea Advanced Institute of Science and Technology (KAIST) autonomous driving researchers dedicated to creating autonomous driving simulation platforms, and has since started to provide simulation software for verifying the safety and reliability of self-driving systems. MORAI is the first Korean company to have independently developed a full-stack self-driving simulation solution which includes the core simulation engine. MORAI currently supplies industry, research organizations, and universities with autonomous driving simulation solutions, and is looking to form partnerships with companies from around the world. With a team of over 95 experts dedicated to their respective fields, Naver, Hyundai Motor Company, Kakao Ventures, Korea Credit Guarantee Fund, Atinum Investment, and other major Korean industry players recognized MORAI's potential by participating in its funding rounds. Recently, in February 2022, the company raised USD 23 million through Series B Funding Round with existing investors and new investors such as Korea Investment Partners, KB Investment, and Korea Development Bank, bringing MORAI's total funding to date to USD 27 million.
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