The first to receive funding - 75 million euros - was TTTech, a Vienna-based firm with specialty in networking and safety controls.
Earlier this year, Samsung acquired Harman, an American company that produces auto navigation systems and auto technology that will allow multiple vehicles to communicate with each other.
Apple, which has always been rumoured to be working its own vehicle, seems to have stepped back from that, and Google has similarly emphasised that it does not now want to build its own cars, preferring to offer the smart systems that will run the vehicles built by others.
Other than Samsung, TTTech has already generated an amount of $54 million from Audi, General Electric and Infineon.
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While Samsung might not seem the most obvious company to have a sizable automotive-related fund, there are more than a few connections.
"During this period of extraordinary transformation in the automotive industry, we are excited to play a leadership role in supporting and shaping the future of smarter, more connected vehicles", said Samsung chief strategy officer, Young Sohn.
On top of that, the Korean tech giant is establishing a new autonomous driving unit within Harman, the United States auto parts supplier it acquired earlier this year.
"In partnership with OEMs and start-ups, we will make the driver and passenger experience safer, more convenient and more enjoyable".
Dinesh Paliwal, president and CEO of Harman added: "There is already a high demand for Advanced driver assist system solutions, and that demand is rapidly growing with the advancements in connected cars and autonomous driving". It will tackle everything from the algorithms that enable autonomous driving to hardware integration and more. "This strategic business unit demonstrates Samsung's and HARMAN's commitment to answer that call - to be the definitive partner for seamless and integrated technologies". Samsung will not enter the car-manufacturing business, remaining focused on working with automakers and mobility enablers to develop the next generation of automotive innovation.
Samsung's investments to improve the self-driving space include looking into the technology behind sensors, machine vision, artificial intelligence and security. Samsung said it meant to lead the "future of automotive" with the audio and auto parts supplier. At the end of August, the company received a permit to run self-driving auto tests in California, alongside an earlier permit that it got in Korea, and announcements like today's will make sure that they will have not just their own tech, but that of partners, to put into those vehicles.