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

Related Content

  • China paves way to enhanced safety with C-V2X
    September 30, 2021
    China is blazing a trail for C-V2X technology and paving the way for deployments worldwide, explains Qualcomm Technologies' Jim Misener
    Read More
  • Qualcomm and automotive companies to drive C-V2X commercialisation
    February 27, 2018
    Qualcomm Technologies (QCOM) is working with an ecosystem of carmakers and automotive suppliers to accelerate the commercial introduction of Cellular Vehicle-to-Everything (C-V2X) technology using its 9150 C-V2X chipset solution. The participants are seeking to utilise the device for next-generation vehicles and roadside infrastructure, staring in 2019. 9150 C-V2X is said to feature improved direct communication range, reliability and latency when faced with congested roadways. It is planned to be
    Read More
  • Sumitomo and US Hybrid to partner on hydrogen-powered public transit
    August 15, 2016
    SC Group, comprising Sumitomo Corporation and Sumitomo Corporation of Americas is to collaborate with US Hybrid to develop its fuel cell production business through the expansion of fuel cell stack production capacity for commercial production. US Hybrid and its Fuel Cell division, US FuelCell, have more than 26 years of experience in fuel cell balance of plant components and vehicle development and deployment. US FuelCell develops and manufactures new technologies and transportation products. SC Gr
    Read More
  • Autotalks launches third-generation chipsets
    September 21, 2022
    Autotalks launched its new third generation chipsets TEKTON3 and SECTON3 at ITS World Congress in Los Angeles this week. Designed to support all upcoming Vehicle to Everything (V2X) requirements, the devices are the world’s first chipsets that support both Day 1 scenarios and 5G C-V2X for Day 2 scenarios.
    Read More

Highlighted Content