Autotalks extends funding round with additional investors

Israeli Vehicle to Everything (V2X) communication chipsets supplier Autotalks has extended its recent funding round as a result of increased investment from the Mirai Creation Investment Fund, of which the principal investors are Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation and is managed by SPARX Group.
June 27, 2017 Read time: 1 min

Israeli Vehicle to Everything (V2X) communication chipsets supplier 6765 Autotalks has extended its recent funding round as a result of increased investment from the Mirai Creation Investment Fund, of which the principal investors are 1686 Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation and is managed by SPARX Group. Additionally, current Autotalks' investors increased their investment in the company.

Autotalks had already completed its Series D round with about US$40 million in investments, an oversubscription of US$10 million.

According to Hagai Zyss, Autotalks' CEO, the funding will allow Autotalks to prepare and expand its operations for the upcoming start of mass productions as well as continue to develop communication solutions for both connected and autonomous cars.

Location Based Systems

For more information on companies in this article

Related Content

  • Onomotion raises €6 for urban mobility
    December 15, 2022
    Berlin tech company's e-cargo bike is designed to make last-mile solutions easier & greener
    Read More
  • Ukraine turns to ITS to cope with traffic increases
    June 9, 2015
    With increasing road fatalities the Ukrainian government is planning to introduce ITS technology in 2016-2017. Eugene Gerden finds out more. The government of Ukraine is considering a massive introduction of ITS in the national system of traffic during the period 2016-2017, according to a recent statement by the Ukrainian Ministry of Transport. According to the Ukrainian government, implementation of the project is an acute need, as in recent years the number of road accidents in Ukraine has significantly
    Read More
  • Automotive AI market predicted to grow by nearly 40 per cent by 2025
    August 30, 2017
    According to the new market research report from MarketsandMarkets, the automotive artificial intelligence (AI) market is expected to be valued at USD 782.9 Million in 2017 and is expected to reach US$10,573.3 million by 2025, at a CAGR of 38.46 per cent between 2017 and 2025. The report indicates that emergence of autonomous vehicle and industry-wide standards such as the adaptive cruise control (ACC), blind spot alert and advanced driver assistance systems (ADAS) would trigger the growth of the automotive
    Read More
  • ITS America, automakers respond to Rubio-Booker 5.9 GHz spectrum legislation
    June 23, 2014
    The Intelligent Transportation Society of America (ITS America) and US automakers have responded to the announcement on legislation introduced by US Senators Marco Rubio and Cory Booker that would set deadlines on the Federal Communications Commission (FCC) for developing and publishing a test plan for the use of unlicensed devices in the 5.9 GHz band. The senators introduced S. 2505, the Wi-Fi Innovation Act, legislation to expand unlicensed spectrum use by requiring the Federal Communications Commissio
    Read More

Highlighted Content