About driveblocks
driveblocks is a company based in Garching (Germany) founded in 2021 by Tim Stahl, Felix Nobis, Leonhard Hermansdorfer, and Thomas Herrmann.. driveblocks has raised $2.36 million across 1 funding round from investors including Rethink Ventures, Bayern Kapital and Joachim Drees. driveblocks offers products and services including Mapless Autonomy Platform, Autonomy Stack, and Perception Modules. driveblocks operates in a competitive market with competitors including Mobileye, Nuro, Indie Semiconductor, Black Sesame Technologies and Einride, among others.
- Headquarter Garching, Germany
- Founders Tim Stahl, Felix Nobis, Leonhard Hermansdorfer, Thomas Herrmann
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Driveblocks Gmbh
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.36 M (USD)
in 1 rounds
-
Latest Funding Round
$2.36 M (USD), Seed
Sep 08, 2023
-
Investors
Rethink Ventures
& 3 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of driveblocks
driveblocks offers a comprehensive portfolio of products and services, including Mapless Autonomy Platform, Autonomy Stack, and Perception Modules. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables object detection and navigation without HD maps
Provides real-time responses for agricultural environments
Processes data for reliable object tracking in vehicles
Funding Insights of driveblocks
driveblocks has successfully raised a total of $2.36M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.36 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.4M
-
First Round
First Round
(08 Sep 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - driveblocks | Valuation | Rethink Ventures , Bayern Kapital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in driveblocks
driveblocks has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Rethink Ventures, Bayern Kapital and Joachim Drees. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage investments are made in mobility and logistics tech.
|
Founded Year | Domain | Location | |
|
High-tech industries are targeted for investments by Bayern Kapital.
|
Founded Year | Domain | Location | |
|
Investment in innovative technology companies is facilitated by F+W.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by driveblocks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - driveblocks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Driveblocks Comparisons
Competitors of driveblocks
driveblocks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mobileye, Nuro, Indie Semiconductor, Black Sesame Technologies and Einride, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based system-on-chips are developed for advanced driver assistance systems.
|
|
| domain | founded_year | HQ Location |
AI-enabled autonomous vehicles are developed for local goods deliveries.
|
|
| domain | founded_year | HQ Location |
Manufacturer of SoCs for automotive industry
|
|
| domain | founded_year | HQ Location |
Developer of AI-based chips for machine vision tasks
|
|
| domain | founded_year | HQ Location |
Autonomous electric trucks are manufactured for freight and emissions management.
|
|
| domain | founded_year | HQ Location |
Autonomous delivery robots are developed for food and parcel services.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Driveblocks
Frequently Asked Questions about driveblocks
When was driveblocks founded?
driveblocks was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is driveblocks located?
driveblocks is headquartered in Garching, Germany. It is registered at Garching, Bavaria, Germany.
Who is the current CEO of driveblocks?
Stephan Matz is the current CEO of driveblocks.
Is driveblocks a funded company?
driveblocks is a funded company, having raised a total of $2.36M across 1 funding round to date. The company's 1st funding round was a Seed of $2.36M, raised on Sep 08, 2023.
What does driveblocks do?
Driveblocks was founded in 2021 in Garching, Germany, as a provider of AI-driven solutions for autonomous delivery in the logistics sector. Software is specialized for enabling fully autonomous driving in heavy-duty vehicles, with object detection and environmental perception achieved without reliance on traditional mapping systems. Operations focus on enhancing reliability for commercial transport applications across Europe.
Who are the top competitors of driveblocks?
driveblocks's top competitors include Mobileye, Nuro and Indie Semiconductor.
What products or services does driveblocks offer?
driveblocks offers Mapless Autonomy Platform, Autonomy Stack, and Perception Modules.
Who are driveblocks's investors?
driveblocks has 4 investors. Key investors include Rethink Ventures, Bayern Kapital, Joachim Drees, and F+W.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.