MORAI to Showcase Cloud-Based Autonomous Driving Simulation Technology at Automotive Testing Expo Europe 2022

MORAI SIM Cloud is the software-as-a-service (SaaS) model of the current MORAI self-driving simulator, MORAI SIM, which will allow users to run simulation tests in the cloud without installing any software on on-premises computers. Cloud-based rendering increases testing efficiency because it enables users to run a large number of simulation tests that require multiple computers to run, with one computer at a time and without hardware limitations. MORAI SIM Cloud is applied to a variety of industries, including the automotive, academia, truck, defense and aerospace industries, among others.

He said, “As a first-time exhibitor at the European Test Car Show 2022, we look forward to showcasing our advanced technologies and bringing innovation to the autonomous driving industry.” jeon jong, CEO of MORAI. “We aim to actively engage in sharing our vision for autonomous driving simulation technology with industry leaders at the world’s leading industrial trade fair and to further advance the global partnership.”

MORAI is the sole developer and distributor of a full-stack autonomous driving simulation platform in South Koreawith more than 100 customers, including Hyundai Mobis, Naver Labsand Samsung Engineering. MORAI established its US office in the Gulf region in 2020, and has been proactively expanding local and global business opportunities. MORAI’s competitive advantage comes from its technology to automatically convert high-resolution map data into digital twins, thus providing large-scale simulated environments. in February 2022MORAI successfully obtained a 23 million US dollars A round of funding to expand its global presence. The round included investments from new investors Korea Investment Partners, KB Investment and the state-run Korea Development Bank (KDB), bringing MORAI’s total funding to date to 27 million US dollars.

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MORAI (www.MORAI.ai) was founded in 2018 as a startup company by independent autonomous driving researchers of the Korea Advanced Institute of Science and Technology (KAIST) dedicated to creating self-driving simulation platforms, and has since started providing simulators to verify the safety and reliability of autonomous driving systems . MORAI is the first Korean company to independently develop a full-stack self-driving simulation solution that includes the core simulation engine. MORAI is currently supplying industry, research institutions and universities with self-driving simulation solutions, and is looking to form partnerships with companies 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 players in the Korean industry have realized the potential of MORAI by participating in their own financing rounds. Recently, in February 2022The company raised 23 million US dollars Through a Series B funding round with existing and new investors such as Korea Investment Partners, KB Investment and Korea Development Bank, MORAI’s total funding to date brings to 27 million US dollars.

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