Otonomo

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Auto Tech?
Product stageSegments
Go-to-Market
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Data capture and analytics
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Otonomo (a wholly-owned subsidiary of Urgently, a provider of digital roadside and mobility assistance technology and services) is an Israeli startup offering a vehicle data platform to ingest, secure, cleanse, normalize, aggregate, and enrich car data from vehicles. Ottonomo’s platform can be used for applications such as emergency services, mapping, traffic management, electric vehicle (EV) management, subscription-based services, micro-mobility, parking, predictive maintenance, insurance, media, in-vehicle services, and smart city solutions. The company has operations in the US, Canada, Europe, and Asia. As of February 2024, the company has sourced data from more than 50 million vehicles (with 18 million active vehicles) and tracked 330 billion miles while ingesting an average of 3.4 billion data points a day. 

Key customers and partnerships

As of December 2022, Otonomo had a total of 24 contracts with OEMs including BMW, Benz, Audi, Stellantis, Renault, Nissan, and Mitsubishi. The company also has partnerships with SAP (October 2022) and smart mobility services provider Iteris (January 2023) to integrate its data platform with the partnering companies' platforms. It also acquired The Floow, a connected insurance solutions provider for carriers for USD 69 million (February 2022), and Neura, an advanced analytics solutions provider, for USD 50 million (October 2021) to complement its business. 

Funding and financials

For the year ended December 2022, Otonomo generated revenue of USD 7.0 million (a 4.1x increase YoY). Its non-GAAP operating loss stood at USD 55.4 million in 2022 (vs. USD 31.9 million in 2021). The company has been listed on Nasdaq since August 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (February 2021). In October 2023, Urgently merged with Otonomo, following which Otonomo became a wholly-owned subsidiary of Urgently and took Urgently public. 

HQ location:
16 Abba Eban Blvd Herzliya ISR
Founded year:
2015
Employees:
101-250
IPO status:
Public
Total funding:
USD 291.5 mn
Last Funding:
-
Last valuation:
USD 416.0 mn (Apr 2020)
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