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A self-driving Mitsubishi car. Photo by Bloomberg.

Self-Driving Car Startups to Watch

By  |  May 23, 2016 7:01 AM PDT
Photo: A self-driving Mitsubishi car. Photo by Bloomberg.

The autonomous car movement is driving a vast array of startups, many with only a peripheral link to cars.

Startups developing biometrics and facial recognition technologies, for instance, are working with automakers that want to know if drivers are paying attention. That capability could help semi-autonomous cars know when the computer should take the wheel. And computer vision startups in this area could easily be applied to other aspects of tech, like home security cameras. Even automaker Mitsubishi is reportedly looking to apply its earlier work on guided missiles toward self-driving cars.

The result is lots of opportunities for investors and entrepreneurs across a wide array of areas in tech. Investors poured $409 million into auto-related startups during 2015, up 154% from 2014, according to CB Insights. Investors came from a broad range of companies, from Intel to Samsung to venture firms like Felicis Ventures. Car companies themselves are also spending heavily, with most of them opening research and development wings in Silicon Valley. (Our list of startups to watch is below.)

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