Commsignia raises $15m in new funding round

V2X specialist has existing relationships with auto OEMs including Audi, VW and Ford
By Adam Hill September 8, 2023 Read time: 1 min
The new funding will help speed growth, firm says (© Melpomenem | Dreamstime.com)

Vehicle to Everything (V2X) specialist Commsignia has closed a $15 million Series B fundraising round, and LG Electronics has joined Samsung Catalyst Fund and Qualcomm Ventures as partners.

Commsignia has mass production deals with several automotive OEMs and is involved in research projects with Volkswagen, Audi of America and Ford.  

With the new cash, the company says it "aims to strengthen its leadership and grow faster in new markets and geographies as the digital transformation of the transport and automotive industry gains momentum".

It cites a study by the European Commission, which suggests cooperative ITS (C-ITS) can help reduce the number of accidents by as much as 22% and can help save on fuel consumption by 11%. 

Commsignia has V2X deployments in the US, including Las Vegas and Denver, as well as on European highways in Italy and Czechia (also known as Czech Republic).

The latest funding round was led by PortfoLion Capital Partners, Inventure, Day One Capital and Inference Partners, together with Partech, Credo Ventures and Karma Ventures. 

Detection, Monitoring & Machine Vision GIS/ Mapping & Location Based Systems

For more information on companies in this article

Related Content

  • Marben shows V2X successes at World Congress
    September 8, 2014
    Marben Products is here at the ITS World Congress flushed with major successes achieved this year. The US NHTSA connected vehicle decision and the French government Scoop@F initiative (3,000 vehicles and 2,000 km of roads equipped with V2X) are new significant steps towards the large scale deployment of the Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communication technology.
    Read More
  • Moovit raises $50m to expand urban mobility operating system
    February 26, 2018
    Israel-based Transit app developers Moovit App Global has closed a $50m (£35m) Series D round led by Intel Capital. The funds will be used to expand its global sales team, enhance its consumer products to support user growth and invest in its Mobility as a Service Platform. Additionally, professor Amnon Shashua, senior vice president of Intel and CEO / CTO of Mobileye, will join Moovit’s board of directors as an observer. The app is said to provide transit information to more than 120 million users i
    Read More
  • Cohda Wireless MK6 V2X solution certified by US FCC
    January 5, 2024

    Cohda Wireless's MK6 connected vehicle technology solution has been certified by the US Federal Communications Commission (FCC) for cellular Vehicle to Everything (C-V2X).

    FCC last year granted waivers permitting deployment of C-V2X technology in the upper 30 MHz of spectrum in the 5.895-5.925 GHz band. 

    Read More
  • Pilot scheme tests automatic emergency call system
    March 14, 2012
    Development of the European eCall system is now at a stage of national systems testing. Ertico’s project manager for the HeERO pilot scheme Andy Rooke has given ITS International the lowdown on progress towards pan-European eCall services. Live testing is now under way in the nine countries participating in the European Commission’s HeERO project – a three year pilot scheme preparing the way for full deployment of Europe’s eCall automatic emergency call system.
    Read More

Highlighted Content