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.

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