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Following competition objections raised on Google in Germany this summer over bundling of services including Google Maps via its Android-based in-car infotainment system software, known as Google Automotive Services (GAS), the tech giant has made an offer of some service unbundling and the removal of contractual restrictions it applies to vehicle makers (..)
Karamba Security , an Israel-based security startup that focuses on the IoT and automotive industry, today announced a $10 million extension to its $12 million Series B round from 2017. ” Karamba Security’s XGuard. ” Karamba Security’s XGuard.
Kneron has launched its first automotive-grade chip — fueled by funds from Foxconn, Alibaba, Sequoia, Horizons Ventures, and Qualcomm — that it says could revolutionize the path to vehicle autonomy. With the new chip, the Kneron KL530, the startup is looking to take a greater share of the automotive market.
To pull car dealers into the 21st century with a snazzy end-to-end automotive SaaS platform like the one he helped develop inside Tesla. Though the automotive world is known for spending lavishly on marketing and for aggressive sales tactics, just 17 of Tekion’s employees now 1,350 employees work in sales.
Salesforce is adding AI, telematics and a host of other capabilities to beef up Salesforce Automotive Cloud , built on the company’s Customer 360 cloud-based CRM platform and released last year as a dedicated system to help automakers better connect with dealers and end consumers. Automotive Industry, Cloud Computing, CRM Systems
The automotive marketplace, which allows customers to sell and buy used cars, has raised a pre-seed round of $12.6 In Egypt, popular brands such as GB Auto, Mansour Automotive, and Nissan are typically known to have good resale value. Some include U.K.’s s Cazoo , India’s Cars24 and Spinny, Brazil’s InstaCarro and Mexico’s Kavak. .
based holographic technology startup said Friday it reached an agreement with Panasonic Automotive Systems to jointly develop and commercialize a new generation of head-up displays for cars, trucks and SUVs. Panasonic Automotive Systems is a Tier 1 automotive supplier and a division of Panasonic Corporation of North America.
India, a major player in the global automotive industry, has started focusing on transitioning to alternative fuels to curb pollution after expanding its consumer and vehicle bases and adding local manufacturing facilities over the past two decades.
Although the principles discussed are applicable across various industries, we use an automotive parts retailer as our primary example throughout this post. An automotive retailer might use inventory management APIs to track stock levels and catalog APIs for vehicle compatibility and specifications.
The automotive industry has entered into a new era of vehicular safety, where in-car systems initially designed to keep you alive are also being marketed as quality-of-life improvements. What once was something only discussed with your insurance adjustor is now technology you might covet on your next commute.
Scaled Solutions grew out of the company’s own needs for data annotation, testing, and localization, and is now ready to offer those services to enterprises in retail, automotive and autonomous vehicles, social media, consumer apps, generative AI, manufacturing, and customer support.
Tesla is limiting the use of its Autopilot driver-assistance software as part of a 2-million-vehicle recall, one of the first results to come from an ongoing multi-year investigation by the nation’s top automotive safety regulator.
Carsome said its investment in PT Universal will allow it to double its automotive transaction volumes in Indonesia. Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2. The roadmap to startup consolidation in Southeast Asia is becoming clearer.
Target industries include automotive, electronics, semiconductors, consumer goods, aerospace, mechanical engineering, transportation, and defense. Engineering and manufacturing solutions The Accenture Siemens Business Group will primarily develop solutions for software-defined products and factories.
Innoviz will work directly with Cariad SE, VW’s automotive software company, to integrate its technology into upcoming VW vehicles. This signals a major shift—not just for Innoviz, but for the entire automotive industry—in the way that carmakers partner with their tech providers. ”
Aurora and automotive supplier Continental have wrapped up the first phase of a more than $300 million project to mass produce autonomous vehicle hardware for commercial self-driving trucks. The two companies said Friday that the design and system architecture of an autonomous vehicle hardware kit is now complete.
It has a wide range of applications, but there are four that are accelerating faster than others, Zuk said: AR/VR/metaverse, in-cabin automotive and automotive in general, smart conferencing, and home security. In-cabin automotive is a good example to better understand what Datagen does.
The capital will be used for the completion of StoreDot’s R&D and mass production scale-up of its technology, which, says the company, is currently being shipped to automotive manufacturers for testing. VinFast licenses and makes BMW-based cars out of Vietnam.
Wells Fargo, Sonic Automotive and Cambia Health Solutions. Ahmer Inam is the chief artificial intelligence officer (CAIO) at Pactera EDGE. He has more than 20 years of experience driving organizational transformation. His experience includes leadership roles at Nike Inc.,
The funding will go toward expanding the company’s reach beyond consumer device charging, into the worlds of enterprise, automotive and hospitality, as well as the development of a 2.0 As we noted late last year, Aira has already made some headway in automotive. version of its charging tech. Image Credits: Aira. Image Credits: Aira.
But they’re not going up against Velodyne or any of the upstart lidar companies duking it out in the automotive sector like Luminar and Baraja. “We’re too underfunded to take us through an automotive development cycle,” Stern said — and indeed it’s quite an expensive market to try to break into.
As the use of virtualisation, AI, and data science increased in 2020, BMW devised the iFactory, a breakthrough concept that networks every aspect of automotive production with 3D scanning of all vehicles and engine plants. To achieve this level of seamlessness, many new elements of theBMW iFactoryproduction concept will be implemented.
Factories have been the bedrock of many industries from manufacturing to automotive. But just as factories have fueled the industrial revolution, a new structure will be powering a new transformation in the age of AI: AI factories.
LexxPlus initially targeted the logistics and automotive manufacturing spaces because those spaces are actively deploying robots beyond their production lines. Its main customers are in Japan in the logistics and automotive sectors; some of the current automotive components makers have facilities in the U.S.,
Faction Technology founder and CEO Ain McKendrick didn’t have the $1 billion or the time that a typical automotive program might need to design and manufacture an EV that could be used for driverless delivery.
In February, San Jose, California-based Recogni , which is developing its AI inference chip for both the generative AI and automotive industries, raised a $102 million Series C co-led by Celesta Capital and GreatPoint Ventures. The new funding round was led by current and new investors including Gil Agmon , Poalim Equity and others.
Whether in the automotive, finance, healthcare or retail industries, AI solutions help optimize processes, provide data-driven insights and enable new business models. Ren Kessler is the senior consultant for AI and data science at abat , an SAP software and solutions provider to clients in the automotive and logistics industries.
“We are excited to back Odiggo through our Afropreneurs Funds in its quest to transform the automotive parts market and provide superior service to clients, starting from MENA. Some of its investors, Idris Ayodeji Bello, managing partner at LoftyInc, and Essa Al-Saleh, are onboard with the startup’s plan despite early days.
We partner with our customers to provide a solution across markets ranging from automotive, electronics, apparel, medical and pharma, and more. We’re leading a digital transformation focused on three pillars: the customer experience, manufacturing, and supply chain.
The company was joined by Automotive Ventures, Detroit Venture Partners and 640 Oxford Ventures in the round. “I sat at America’s Tires for three hours and thought, hey, we use robots to put tires on at the factory,” he told us. Why don’t we bring robots into the service industry?” Clearly Reinalt-Thomas was listening.
After all, 2020 had been a big one for the broad category, with insurtech marketplaces raising lots, rental insurance startup Lemonade going public , Root itself debuting even more recently on the back of its automotive insurance business, a big round to help Hippo keep building its homeowners company and more.
Automotive e-commerce company Autochek has expanded to new markets in Africa after acquiring CoinAfrique, a classified ad marketplace, nearly two months after the Nigerian startup acquired Moroccan auto marketplace KIFAL Auto , marking its foray into North Africa. The classified ad marketplace is said to attract 60,000 new ads and 1.5
This sector remains largely untapped by existing additive manufacturing and digital inventory platforms that have spread footprints across medical, aviation, automotive and jewelry industries. The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. All rights reserved.
Karamba Security raises another $10M for its IoT and automotive security platform. LG is acquiring automotive cybersecurity startup Cybellum in a $240M deal. Cylus enables maximum interoperability (train-track coupling) while protecting stationary and moving systems in trains, Levintal continued.
UVeye’s automated vehicle inspection technology may have started out as a system to detect security threats , but the six-year-old Israeli startup has found deep interest and investment from the automotive sector. ” Now, UVeye is doubling down on its automotive bet.
Infusing Digital Metal’s solution into The Digital Forge platform allows us to address new applications in the medical, automotive, luxury goods and other industries,” said Shai Terem, president and CEO of Markforged. “The Digital Metal team has created a robust and scalable solution that complements our existing technologies.
The emergence of self-driving vehicles represents a significant technological leap in the automotive industry. These autonomous systems revolutionize transportation by offering convenient, safer and more efficient alternatives to human-driven vehicles.
COVID and other dynamics have placed “massive tailwinds on the automotive aftermarket with used cars, used cars repairs, and just that whole sector,” Iskandarian said. That’s good news for auto repair shops – and for Shopmonkey, which sees opportunity in this increased demand.
The New Delhi-headquartered Lifelong Group, which serves several major players in the automotive industry including Hero and General Motors, said it won the bidding to acquire GoMechanic, whose investors scrambled for a sale earlier this year.
Investors these days have good reason to throw money at this industry, too: Sensors are getting cheaper and more capable, talent from the AI and automotive industries is coalescing, the government has introduced a slew of beneficial policies, and demand is rising as China prepares to cope with a drop in its working-age population.
Vayyar later expanded its “radar-on-chip” technology from healthtech to a number of other sectors, including automotive, senior care, retail, smart home and commercial property.
Respondents represent 12 industries, among them banking, investment and insurance, manufacturing, automotive, retail, healthcare and the public sector. Of these respondents, 98% had direct authority or influence over GenAI buying decisions.
Kneron releases its first automotive-grade chip for ADAS and AV systems. Kneron counts Foxconn as a strategic investor, which has been using the startup’s chips in its “MIH” manufacturing platform for electric vehicles.
However, most of Ottopia’s resources will continue to be dedicated to automotive, and specifically the deployment of autonomous cars, trucks and shuttles. Rosenzweig said the company is also expanding into other applications of its teleoperations software, including defense, mining and logistics.
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