It’s been a good day for some of Israel’s leading smart-mobility tech firms as Otonomo and now Nexar – both founded in 2015 – have each announced impressive Series C funding rounds. But at $52 million, Nexar’s is even larger than Otonomo’s.
Even in the midst of the Coronavirus crisis, some of Israel’s smart-mobility startups are still raising funds. The latest is Otonomo, which has closed an impressive $46-million investment to further expand its connected-car platform.
Some smart-mobility startups in Israel have suffered from the economic effects of the Coronavirus, while others have continued to flourish. Gauzy is fortunate, in one sense or another, to count itself in the latter category.
The Coronavirus pandemic has had a crippling effect on the global economy, forcing companies around the world to grind to a halt. But even amidst the crisis, the value of some companies still manages to shine through and attract investment. Considerable investment, in this case.
Machines are listening to what we have to say. And that includes our cars. The trouble is that cars can be noisy when they’re in motion. But at least one Israeli company is working on that problem, and it’s won the support of Korea’s largest automaker.
Developing a new car from scratch is no simple matter – nor is it a cheap one, by any means. And it’s not one that has often been undertaken in Israel. But there’s one company doing exactly that, with a creative spin, and the inherently expensive endeavor has just won […]
There aren’t a lot of automakers producing hydrogen fuel-cell vehicles. Only three, in the US market at least. And one of them has turned to Israeli tech to help it get an edge over the other two.
Modern automobiles have dozens of sensors on board. And that number is only growing as cars get more and more complex. But one company in Israel isn’t adding sensors – it’s using them in a whole new way. And Porsche, for one, has taken note.
If we want our cars to handle the driving for us, they’re going to have to not only follow programming, but “think” for themselves. Toyota and BMW know that at least as well as any other automakers in the business. Which is why they’ve invested in Cartica AI.
Developing autonomous vehicles that can drive themselves in ideal circumstances is one thing. Getting them to operate safely in all conditions is quite another, but it’s what’s required before self-driving cars can become a reality. That’s why Porsche has turned to TriEye.