Parallel Domain, which is building a data-generation platform for autonomy companies, has raised a $30M Series B led by March Capital (Rebecca Bellan/TechCrunch)

Kirsten Korosec / TechCrunch:
Helm.ai, which uses an unsupervised learning approach to its autonomous driving software, raised a $31M Series C led by Freeman Group at a $431M valuation  —  A few bright spots remain in the autonomous vehicle industry even amid macroeconomic headwinds that have nearly shut off the spigot …

Kirsten Korosec / TechCrunch:
Helm.ai, which uses unsupervised learning to train models for its autonomous driving software, raised a $31M Series C led by Freeman Group at a $431M valuation  —  A few bright spots remain in the autonomous vehicle industry even amid macroeconomic headwinds that have nearly shut off the spigot …

Joanna Glasner / Crunchbase News:
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn  —  Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer.

Kirsten Korosec / TechCrunch:
Sources: autonomous vehicle startup Argo AI, which raised billions in VC funding, is shutting down; top backers Ford and VW will absorb its parts and some staff  —  Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …

Kirsten Korosec / TechCrunch:
Internal email: autonomous delivery startup Nuro is laying off 300 people, or 20% of its workforce, to preserve cash, and says it has $1B on its balance sheet  —  Nuro, the autonomous vehicle delivery startup backed by Softbank, Google and Tiger Global Management, is laying off about 300 people …

Mark Gurman / Bloomberg:
Sources: Apple scales back ambitious self-driving plans for its electric vehicle, now delayed to 2026 with a design that includes a steering wheel and pedals  —  Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date …