LG Corp, UOB Venture Management back self-driving startup Venti's $28.8m funding

LG Corp, UOB Venture Management back self-driving startup Venti's $28.8m funding

REUTERS/Dado Ruvic

Self-driving startup Venti Technologies said on Tuesday it has raised $28.8 million in Series A funding to speed up the growth of its autonomous vehicle (AV) business for customers in the logistics and supply chain industry.

Investors in the funding round included LG Technology Ventures, the venture capital arm of LG Corp unit LG Group, and UOB Venture Management, the venture capital arm of Singapore’s United Overseas Bank.

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