U.S.-based automotive software startup Apex.AI has raised a $15.5 million in Series A financing round.

The funding round was led by U.S.-based venture capital firm Canaan Partners including existing investors.

Additionally, the round had participation from Lightspeed Venture Partners.

On November 14, 2018, Canaan Partners also led a $37 million Series B funding round in U.S.-based cybersecurity firm Dragon.