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

  • NoTraffic V2X tech gets US patent approval
    February 15, 2024
    Platform offers software-defined infrastructure including signalised intersections sensors
    Read More
  • University of Michigan’s M City to test autonomous driving
    March 27, 2015
    The University of Michigan is creating the Mobility Transformation Center (MTC), in partnership with government and leading tech companies, as a means to test and develop the infrastructure and in-vehicle components to make autonomous vehicles a reality. M City, the nickname for the MTC, is a mock city that allows developers to test a fully autonomous driving experience in a real-world environment. With completion scheduled for July, the 32-acre facility on U of M’s North Campus will include buildings,
    Read More
  • Platooning with Ease on the I-70
    July 15, 2025
    What would happen to truck platooning - a nascent technology - if the weather turns nasty? The I-70 Truck Automation Corridor Project in the northern US should provide some answers, reports David Arminas…
    Read More
  • Data handling important for autonomous vehicles
    December 8, 2016
    Data handling is becoming an ever-greater part of transportation and never more so than with autonomous vehicles, as Andrew Bardin Williams hears from some big names.
    Read More

Highlighted Content