Cavnue

Develops intelligent road infrastructure for autonomous vehicles

Washington, District of Columbia, United States

About Cavnue

Cavnue develops intelligent road infrastructure designed for connected and autonomous vehicles. Their products include both physical and digital systems that enhance the performance of these vehicles, focusing on safety, congestion reduction, and sustainability. By integrating technology with road infrastructure, Cavnue aims to create a transportation environment that supports vehicle sharing and improves overall mobility. Unlike competitors, Cavnue specifically targets government bodies and private companies in the autonomous vehicle sector, offering tailored solutions that address the unique challenges of modern transportation. The company's goal is to redefine mobility in the 21st century by pioneering the future of roads for intelligent and connected vehicles.

Washington, District of ColumbiaHeadquarters
2020Year Founded
$126.5MTotal Funding
SERIES_ACompany Stage
Automotive & Transportation, Government & Public Sector, AI & Machine LearningIndustries
51-200Employees

Risks

Competition from Tesla and Waymo could overshadow Cavnue's market presence.
Technological advancements may require costly upgrades to Cavnue's infrastructure.
Public skepticism and regulatory hurdles could slow infrastructure adoption.

Differentiation

Cavnue integrates technology with road infrastructure for autonomous vehicle optimization.
The company is developing a unique connected corridor in Michigan for autonomous vehicles.
Cavnue's focus on safety is highlighted by hiring a Vice President of Safety.

Upsides

Cavnue's partnership with TxDOT showcases successful public-private collaboration.
Ford's $130M investment in Michigan's project boosts Cavnue's financial and infrastructure support.
Winning a Bronze at the Merit Awards highlights Cavnue's industry recognition.

Funding

Total raised$126.45 M
Latest valuation$650.00 M
StageSERIES_A