Autotalks raises $30m in Round D funding to speed global deployment of technologies for improving road safety

Hagai Zyss, CEO of Autotalks

Autotalks, a global provider of V2X (Vehicle to Everything) communication solutions, announced the completion of its Series D round with $30 million to expand its worldwide operations and accelerate deployment of technologies for safer and smarter autonomous vehicles.

The new funding round includes the company’s existing investors: Magma Venture Capital, Gemini Israel Fund, Amiti Fund, Mitsui & Co. Global Investment, Liberty Ventures and Delek Motors, as well as new financial investors: Israeli institutions, Fraser McCombs Ventures, Vintage Investment Partners and Samsung Catalyst Fund.

The closing of the funding round came at the heels of a USDOT (US Department of Transportation) issued NPRM (Notice of Proposed Rulemaking) that, in an effort to increase road safety, will mandate DSRC (Dedicated Short Range Communication) based V2V in all new light vehicles sold in the US by 2023.

To meet this target, deployments will start in 2019. Autotalks’ products are the most advanced chipsets addressing this new upcoming regulation, with superior communication performance, strongest Cybersecurity, highest integration level, and many competitive features.

Autotalks already ramped up its production capabilities and was selected by several leading car manufacturers to supply their V2V solution.

“We are very pleased with the completion of this financing round, supported by such strong syndicate. It demonstrates clear vote of confidence in Autotalks’ ability to execute and gain a leading market share,” said Hagai Zyss, Autotalks’ CEO.

“Our mission to equip vehicles with such lifesaving technology is now being adopted by the regulators and leading car manufacturers. I believe our chipsets will soon be part of most new vehicles worldwide.”

Founded in 2008, Autotalks is a V2X-chipset market provider for original equipment manufacturers (OEMs), Tier-1 and Tier-2 customers with comprehensive V2X solutions. Autotalks’ chipsets enable the V2X communication revolution by providing the most advanced, truly secure V2X solution created for autonomous vehicles.

The chipsets are pre-integrated and designed to shorten development schedules and reduced costs. Autotalks’ cutting-edge technology addresses all key V2X challenges: communication reliability, security, positioning accuracy and vehicle installation.

In 2016, Autotalks released its 2nd generation chipset. This chipset meets the strictest automotive reliability requirements. It also offers the highest level of security with multiple defense layers.

The layers include secure boot, secure low-latency signing, line-rate verification of the entire V2X communication link and V2X firewall hardening the communication. Autotalks’ cryptographic-agile security engines support field upgrade to future algorithms for assuring security for decades.

Comment on this article below or via Twitter: @IoTNow_ OR @jcIoTnow

Recent Articles

Spike in use of cloud-based security to protect corporate data

Posted on: July 1, 2020

A new survey of UK security practitioners by Exabeam shows a marked increase in the adoption of cloud-based security tools compared to an earlier study carried out in March prior to the COVID-19 lockdown. The latest data shows 88% of recent respondents said the accelerated move to the cloud was driven by the need to

Read more

Telcos must be cautiously aggressive to ‘Roar out of Recession’

Posted on: June 30, 2020

As we approach four months since essentially the entire world went on lockdown, telcos have gone through a very mixed experience.

Read more