AGCO Invests in Apex.AI, a Developer of Safety-Certified Software for Mobility and Autonomous Applications
14 Dezember 2021 - 2:00PM
Business Wire
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide
manufacturer and distributor of agricultural machinery and
precision ag technology, announced that it has made a 2.53% equity
investment in Apex.AI, an emerging leader in safety-certified
software for mobility and driverless vehicles.
Apex.AI has differentiated itself with its software products by
making it possible and easier for solutions providers to implement
safety critical software into on-road and off-road vehicles. Based
on proven open-source software, Apex.AI’s software enables its
customers to focus on developing value adding applications, while
Apex.AI provides a strong development infrastructure. With a focus
on enabling driverless vehicles, Apex.AI launched its first
award-winning product Apex.OS in 2020 and achieved functional
safety certification in record time. Since then, Apex.AI also has
launched its Apex.Middleware product, which integrates all vehicle
communication needs and enables the future deployments of
semi-autonomous or driverless vehicles.
“AGCO’s investment in Apex.AI further demonstrates our
commitment to developing value-adding solutions for our customers
that adhere to the most stringent standards and reliability
requirements,” said Eric Hansotia, AGCO’s Chairman, President and
Chief Executive Officer. “We are excited to invest in Apex.AI’s
team as it paves the way for driverless vehicles throughout the
agriculture and automotive industries.”
About AGCO:
AGCO (NYSE:AGCO) is a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology. AGCO delivers customer value through its differentiated
brand portfolio including core brands like Challenger, Fendt, GSI,
Massey Ferguson and Valtra. Powered by Fuse® smart farming
solutions, AGCO’s full line of equipment and services helps farmers
sustainably feed our world. Founded in 1990 and headquartered in
Duluth, Georgia, USA, AGCO had net sales of approximately $9.1
billion in 2020. For more information, visit www.AGCOcorp.com. For
company news, information and events, please follow us on Twitter:
@AGCOCorp. For financial news on Twitter, please follow the hashtag
#AGCOIR.
Please visit our website at
www.agcocorp.com
About Apex.AI
Apex.AI is a Palo Alto, Berlin, Stuttgart, and Munich-based
company developing breakthrough safe, certified,
developer-friendly, and scalable software for mobility systems. The
company’s flagship product is Apex.OS, a robust and reliable
meta-operating system that enables faster and easier software
development for vehicles and safer autonomous driving solutions.
Their software development kit targets two main customer groups,
the OEM developers who need to implement complex AI software
integrated with the entire vehicle, and the autonomous driving
developers who can now implement safety-critical applications with
ease and reliability.
To access the Apex.AI media kit please visit
https://www.apex.ai/media-kit.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211213005858/en/
Greg Peterson Vice President, Investor Relations (770) 232-8229
greg.peterson@agcocorp.com Apex.AI U.S. Media contact Stacy
Morris stacy.morris@futuristacommunications.com, +1 (310) 415-9188
Apex.AI European Media contact Christian Bangemann
christian.bangemann@apex.ai, +49 171 8398418
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