Glilot Capital Partners is a venture capital firm founded by entrepreneurs with a solid success record and with the aim of accelerating the success of those starting out. The firm's early growth fund focuses on post-Series A startups in the enterprise software and cybersecurity sectors. They seek to provide flexible funding solutions by leading or participating in early growth rounds and offering convertible notes. Glilot+ includes a large community of industry leaders, strong financial backing, and extensive resources to drive the growth of their business.  Glilot Capital Partners was founded in 2011 by Kobi Samboursky and Arik Kleinstein and is headquartered in Herzliya, Tel Aviv, Israel.

Glilot Capital Partners

Maniv Mobility is helping to expedite the new age of advanced transportation technology, including safety, business model innovation, and vehicle autonomy (''driverless cars''). They believe that in the 21st century, the public should not have to endure the daily tragedy of automotive fatalities, the frustration and productivity loss of traffic congestion, and the polluted air and public space that slow-moving and parked cars bring to their urban centers. In the last 20 years technology has made information and communication ubiquitous and close to free. In the next 20 it will do the same for mobility. They work with start-up companies, entrepreneurs, financiers and others to overcome the hurdles that will herald a grand new age.

Maniv Mobility

Israel has emerged as another major hub of innovation, start ups, and shareholder wealth creation.   They are a group highly experienced operators and investors with deep relationships in the Israel tech ecosystem.  Often times Israelis move to the U.S. (mostly New York and San francisco), to optimize the outcome of their startup, and they have deep ties to those communities as well.    The partners will invest in each deal along side you.  Anyone considering an investment in the syndicate should understand that these investments represent absolute risk, and there is a meaningful risk that they can lose all their money. There is no guarantee of a ''soft landing'' or acquisition if things do not go as planned. In addition, there is no guarantee that, even in a successful company, there will be opportunity for liquidity for the shares represented and an investor should be prepared to have their capital committed for many years without liquidity.

Israeli Founders

CRV has been an investor in technology companies for almost half a century. The firm has backed nearly 400 startups in its 47-year history, including foundational companies like Twitter, Zendesk, Amgen, Hubspot, Parametric Technologies, Yammer, EqualLogic, and Sonus Networks. Half of the companies CRV has backed have gone public or been acquired. The firm focuses on enterprise, consumer, and deep-insight bioengineering. CRV has offices in Palo Alto, California, and Cambridge, Massachusetts.

Volvo Group Venture Capital is a corporate investment company making venture capital and growth equity investments.  Their mission is to drive new business growth and their ambition is to be a leading corporate investor in sustainable transport and infrastructure solutions. Their value proposition to the companies we invest in, other investors as well as to our Volvo colleagues, is to accelerate growth.

Volvo Group Venture Capital

The Hyundai Motor Company is a South Korean multinational automotive manufacturer. It has various vehicle lineups, brand vision, and global campaigns like clean mobility, sustainability, art, and sports partnership. The company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, together comprise the Hyundai Motor Group, which is the world's fifth-largest automaker based on annual vehicle sales in 2012. In 2008, Hyundai Motor (without Kia) was ranked as the eighth largest automaker. As of 2012, the company sold over 4.4 million vehicles worldwide in that year, and together with Kia total sales were 7.12 million.

Hyundai Motor Company

Nationwide Ventures invests in startups, pilots new technologies, and tests new solutions and business models. We focus on delivering next-generation experiences for Nationwide’s customers by exploring leading-edge topics from analytics and automation technology to new insurance and financial services platforms.

Nationwide Ventures

Alliance Ventures is a strategic venture capital fund of Renault-Nissan-Mitsubishi, the world’s largest automotive alliance. The fund, launched in 2018 and co-located in Amsterdam, Silicon Valley, Paris, Yokohama, Beijing, and Tel Aviv, plans to invest up to $1 billion in its first five years to support open innovation. Alliance Ventures targets technology and business model innovation in new mobility, autonomous driving, connected services, EV & energy, and enterprise 2.0. By drawing on expertise and business opportunities from across the world’s largest automotive alliance, the fund makes strategic investments at all start-up stages and incubates new automotive entrepreneurs at the cutting edge of next-generation systems for the automotive industry. Alliance Ventures is aligned with the objectives of “Alliance 2022”, Renault-Nissan-Mitsubishi’s midterm plan which aims to strengthen cooperation and double the annualized synergies generated by Renault, Nissan, and Mitsubishi Motors to more than €10 billion.

Alliance Ventures

Hyundai AutoEver is an automobile sales internet company.

Hyundai AutoEver America

Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, they’ve invested in and partnered with more than 400 of the world's tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, Monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures leverages decades of expertise in the cloud and long-term relationships with key decision-makers at thousands of businesses around the world to give portfolio companies an unfair advantage, help them build credibility, and accelerate growth.

Salesforce Ventures

Mitsui Sumitomo Insurance Company, Limited (''MSI'') was formed in October 2001 through a merger between the former Mitsui Marine & Fire Insurance Co., Ltd.(''Mitsui Marine'') and the former The Sumitomo Marine & Fire Insurance Co., Ltd. (''Sumitomo Marine'').

Mitsui Sumitomo Insurance Company

Delek US Holdings is a diversified downstream energy company with operations in three primary business segments: petroleum refining, logistics and convenience store retailing. Delek US is headquartered in Brentwood, Tennessee and employs more than 4,000 people across the eight states. The Company has been publicly traded on the New York Stock Exchange since 2006 under the ticker symbol ''DK''.

Delek US

57 Stars is an independent asset manager focused on investing in primary and secondary private equity partnerships and co-investments in select markets outside of the United States, primarily in emerging markets.

57 Stars

IDI Insurance is an insurance company. They are committed to responsibility, investment, customers, employees, shareholders, and of course the community.

IDI Insurance

La Maison Partners is a venture capital fund that invests in industry, technology, and finance. The fund supports its portfolio companies with its strong relationship network and by leveraging synergies with its shareholders, which enables collaboration with European industries.  La Maison Partners was founded in 2014 and is headquartered in Paris, France.

La Maison Partners

BMW i Ventures invests in cutting-edge solutions focusing on BMW’s current and future business in the technology and customer and service space. BMW i Ventures invests in high-performance companies and helps them execute quickly by delivering agile precision—ensuring real-world impact on hardware, software, sustainability across manufacturing, transportation, and services.

BMW i Ventures

Upstream Security

Upstream Security provides a cloud-based data management platform purpose-built for connected vehicles, delivering unparalleled automotive cybersecurity detection and response (V-XDR) and data-driven applications. The Upstream Platform unlocks the value of vehicle data, empowering customers to build connected vehicle applications by transforming highly distributed vehicle data into centralized, structured, contextualized data lakes. Coupled with AutoThreat® Intelligence, the first automotive cybersecurity threat intelligence solution, Upstream provides industry-leading cyber threat protection and actionable insights, seamlessly integrated into the customer’s environment and vehicle security operations centers (VSOC). Upstream’s customers include some of the world’s leading automotive OEMs, suppliers, and others, protecting millions of vehicles.

<div>Israeli startup Upstream Security provides a cloud-based centralized cybersecurity and analytics platform dubbed &ldquo;AutoThreat,&rdquo; for connected and autonomous vehicles. Its platform - pitched toward automotive OEMs, Tier-1/-2 suppliers, and mobility services providers - uses vehicle data to secure vehicles against cyberattacks and to generate data-driven actionable insights for insurance, predictive maintenance, business intelligence, etc. The company claims to be the first cloud-based solution that protects connected and autonomous cars from the cloud. It also<a href="https://sp-edge.com/updates/27764">integrates GenAI technologies</a>to facilitate the analysis and management of extensive cyber data and alerts. The company has offices and representatives in Israel, the US, Europe, and Asia.</div>

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 
 Israeli startup Upstream Security provides a cloud-based centralized cybersecurity and analytics platform dubbed &ldquo;AutoThreat,&rdquo; for connected and autonomous vehicles. Its platform - pitched toward automotive OEMs, Tier-1/-2 suppliers, and mobility services providers - uses vehicle data to secure vehicles against cyberattacks and to generate data-driven actionable insights for insurance, predictive maintenance, business intelligence, etc. The company claims to be the first cloud-based solution that protects connected and autonomous cars from the cloud. It also 
 <a href="https://sp-edge.com/updates/27764">
 integrates GenAI technologies
 </a>
 to facilitate the analysis and management of extensive cyber data and alerts. The company has offices and representatives in Israel, the US, Europe, and Asia.
 
 
 Key customers and partnerships
 
 
 As of February 2024, the company reportedly monitored 25 million vehicles worldwide.
 
 Upstream Security has technology partnerships with Arilou, Amazon Web Services (AWS), IBM, Karamba Security, Microsoft Azure, Salesforce, and Sital Technology and also maintains partnerships with managed security service providers (MSSPs) and system integrators such as Accenture, Atos, BT Security, Capgemini, Deloitte, Fujitsu, HCL Technologies, Hitachi, IBM, Nippon Telegraphic and Telephone, Orange, Tata Consulting Services, and Tech Mahindra.
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/28399">
 In April 2024,
 </a>
 Upstream Security received undisclosed funds from Cisco Investments to strengthen its presence in the IoT sector, specifically in mobility, automotive, and transportation.
 
 
 
</div>

<div>
 
 Aeva develops next-generation sensing and perception systems including 4D LiDAR-on-chip for autonomous vehicles and robotics. Its LiDAR sensors dubbed &ldquo;Aeries II&rdquo; are equipped with unique frequency modulated continuous wave (FMCW) 4D technology for high sensing capabilities and use a continuous laser. It can sense objects 500 meters away over a field of view (FoV) of 120 x 30 degrees. Aries II is powered by the company&rsquo;s proprietary 4D Perception software. Aeries II is reportedly the world&rsquo;s first LiDAR-on-chip silicon photonics design.&nbsp;
 
 
 
 
 The company launched Aeva Atlas, an automotive-grade 4D LiDAR sensor, 
 <a href="https://sp-edge.com/updates/25293">
 in January 2024.
 </a>
 It can sense objects 500 meters away over a field of FoV of 120 x 30 degrees. The company claims that Atlas is the first automotive-grade 4D LiDAR sensor for mass production in automotive applications. Atlas is powered by Aeva&rsquo;s proprietary Digital Signal Processing Software. The company claims the unit is 70% smaller and 4x more energy-efficient than the company&rsquo;s previous lidar solutions.
 
 
 
 
 Aeva sources product components from third-party vendors and assembles the final product in its assembly facility in San Francisco, California. However, since September 2021, the company has gradually shifted to a manufacturing model that solely relies on local and foreign third-party suppliers for both manufacturing and assembly. The company began shipping its LiDAR systems to strategic customers in mid-2022 and reported shipping 40+ units to customers by 
 <a href="https://sp-edge.com/updates/17245">
 December 2022
 </a>
 .
 
 
 
 
 Key customers and partnerships
 
 
 The company has entered into product collaborations with partners including automotive component manufacturers ZF Group (September 2020), Denso (January 2021), and Fabrinet (November 2021) to develop LiDAR systems for vehicles and Nikon to develop sensors for robotic factory production lines (August 2021).&nbsp;
 
 
 
 
 Avea has high-volume production deals with autonomous shuttle services provider May Mobility 
 <a href="https://sp-edge.com/updates/23631">
 (November 2023)
 </a>
 and an unnamed global automotive OEM 
 <a href="https://sp-edge.com/updates/25168">
 (January 2024).
 </a>
 
 
 
 
 Funding and financials
 
 
 Aeva generated revenue of USD 4.3 million and reported a non-GAAP operating loss of USD 124.1 million in the year ended December 2023. The company has been listed on NYSE since March 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 2.1 billion (November 2020).
 
 
 
 
 <a href="https://sp-edge.com/updates/23632">
 In November 2023,
 </a>
 the company raised USD 145 million via a combined private investment and preferred facility deal from existing long-term stockholders. The company intended to utilize the funds to enhance its standing with OEMs, and improve its ability to support various high-volume production programs, potentially increasing its prospects for securing additional contracts.
 
 
 
</div>

Aeva

<div>
 
 Israel-based Innoviz Technologies develops LiDAR sensors and perception software specifically catering to autonomous vehicles. Its LiDAR product portfolio includes 1) &ldquo;InnovizOne,&rdquo; a solid-state LiDAR sensor specifically designed for autonomous vehicles with a detection range of up to 250 m and field of view (FoV) of 115 x 25 degrees; 2) &ldquo;InnovizTwo,&rdquo; a next-gen automotive-grade LiDAR sensor with a detection range of up to 300 m and FoV of 120 x 40 degrees; and 3) &ldquo;Innoviz360,&rdquo; a 360-degree LiDAR sensor with a detection range up to 300 m and pitched toward automotive and non-automotive applications.&nbsp;
 
 
 The company&rsquo;s target market spans across the US, Europe, and Asia, and it had an order book worth USD 6.9 billion 
 <a href="https://sp-edge.com/updates/14444">
 as of September 2022.
 </a>
 As of February 2024, Innoviz Technologies had 18 of Innoviz&rsquo;s products protected by US patents.&nbsp;
 
 
 <a href="https://sp-edge.com/updates/26155">
 In January 2024,
 </a>
 Innoviz released a strategic realignment plan for its operations from Q1 2024, which included a reduction of its workforce by ~13% (about 60 employees) to lower expenses and enhance its financial longevity. This was to mainly consolidate expenditures by transitioning the InnovizOne program to series production and focusing on the InnovizTwo sensor and software suite.
 
 
 Key customers and partnerships
 
 
 Innoviz Technologies has entered product collaborations with partners including Curium, a developer of automated calibration services for autonomous systems (August 2021); Ansys, a provider of simulation software (January 2022); Visionary.ai, a developer of software-based image signal processor technology (June 2022); and Japan-based software company Kudan 
 <a href="https://sp-edge.com/updates/14117">
 (October 2022)
 </a>
 and Mobileye (as of February 2024) to obtain technology to be integrated with its LiDAR solutions.
 
 
 The company secured 15 pre-production orders and four series production customers as of September 2023. Its customers include Twinner, Whale Dynamics, Syracuse, BMW, 
 <a href="https://sp-edge.com/updates/12378">
 Volkswagen,
 </a>
 and Delphi Automotive&mdash;of which BMW and Volkswagen were among the series production customers.&nbsp;
 
 
 Funding and financials
 
 
 Innoviz Technologies generated revenue of USD 20.9 million and reported an operating loss of USD 132.6 million during the year ended December 2023. The company has been listed on the Nasdaq since April 2021 via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (December 2020).
 
 
 <a href="https://sp-edge.com/updates/20883">
 In August 2023,
 </a>
 Innoviz Technologies announced plans for a public offering to issue USD 60 million of its ordinary shares to underwriters so they can purchase up to an additional USD 9 million of ordinary shares. The company planned to use the funds raised for general corporate purposes.
 
</div>

Innoviz Technologies

<div>
 
 AEye develops artificial intelligence (AI)-powered LiDAR for various applications, including vehicle autonomy, advanced driver assistance systems (ADAS), and robotic vision. The company&rsquo;s products include &ldquo;4SIGHT,&rdquo; a software-defined, solid-state LiDAR sensor for automotive applications. The company claims that 4SIGHT offers the industry&rsquo;s longest detection range with the ability to identify small obstacles at over 300m and a 128 degree horizontal field of view (FoV). 4SIGHT uses adaptive LiDAR sensors as opposed to traditional sensors that passively collect data. AEye&rsquo;s next gen product 
 <a href="https://sp-edge.com/updates/24047">
 &ldquo;4IGHT Flex,&rdquo;
 </a>
 is an ultra-compact, high-performance LiDAR for in-cabin autonomy and safety features. It comes with a 120 x 30-degree FoV, high resolution, and a detection range of up to 275 meters. The company 
 <a href="https://sp-edge.com/updates/14502">
 launched a new 4Sight product line
 </a>
 in November 2022, which it claims was built on a high-performance adaptive LiDAR platform. In 
 <a href="https://sp-edge.com/updates?industryIds=70">
 March 2024
 </a>
 , AEye announced the launch of Apollo, the first product in the 4Sight Flex Lidar series. As of July 2023, AEye held 120 patents for its technology solutions.
 
 
 
 
 The company&rsquo;s business model also involves licensing software sensing platforms to automotive partners and outright sale of software-configured hardware products in partnership with system integrators in industrial markets.
 
 
 
 
 Key customers and partnerships
 
 
 The company began has been producing and supplying its sensors since late 2021, in partnership with electronic solutions provider LITEON Technology Corporation 
 <a href="https://sp-edge.com/updates/29284">
 (May 2024),
 </a>
 electronics manufacturer Sanmina Corporation (July 2021), German automotive parts manufacturer Continental (October 2020), simulation software provider Ansys (January 2020), and other system integrators. Its customers include Nvidia (July 2020), Continental (August 2021), and autonomous trucking company TuSimple (July 2021).
 
 
 Funding and financials
 
 
 AEye generated revenue of USD 1.5 million and reported an operating loss of USD 87.8 million during the year ended December 2023. 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 1.52 billion (May 2021).
 
 
 
</div>

AEye

<div>
 
 LeddarTech is a Canadian company offering environmental sensing and perception solutions for advanced driving assistance systems (ADAS) and autonomous driving solutions. The company&rsquo;s main product offering &ldquo;LeddarVision,&rdquo; includes four scalable raw-data sensor fusion and perception platforms for Level 2/2+ ADAS applications (i.e., Level 2 refers to vehicles that can control both the speed and the steering, but the driver must maintain full vigilance). LeddarTech also offered LiDAR hardware components for LiDAR manufacturers, system integrators, and Tier 1&ndash;2 suppliers. However, 
 <a href="https://sp-edge.com/updates/14304">
 in November 2022,
 </a>
 the company announced plans to move away from its LiDAR hardware component business and focus on software development going forward. As of February 2024, LedderTech had 150+ patents (granted or applied).&nbsp;
 
 
 LeddarTech acquired VayaVision (sensor fusion and perception software company) in July 2020 and Phantom Intelligence (signal processing and LiDAR technology company) in September 2020 to complement its operations.&nbsp;
 
 
 Key customers and partnerships
 
 
 The company has partnerships with technology companies such as 
 <a href="https://sp-edge.com/updates/27813">
 Renesas Electronics,
 </a>
 STMicroelectronics, Flex, dSPACE, Ningbo Sunny Optical, Black Sesame Technologies, 
 <a href="https://sp-edge.com/updates/27574">
 Arm Technologies,
 </a>
 and 
 <a href="https://sp-edge.com/updates/29173">
 Immervision
 </a>
 for the joint development and delivery of LiDAR solutions.
 
 
 Funding and financials
 
 
 The company generated revenue of USD 7.4 million and an operating loss of USD 52.5 million in 2023 (year ending December 2023).
 
 
 In 
 <a href="https://sp-edge.com/updates/25036">
 December 2023
 </a>
 , LeddarTech became a publicly traded company via a merger with Prospector Capital Corp, a special purpose acquisition company (SPAC) at a pro-forma equity value of USD 348 million. The company secured a total of USD 58.6 million in gross proceeds including a USD 44 million convertible PIPE (Private Investment in Public Equity) and USD 14.6 million from the SPAC trust. The funds will be utilized to foster the adoption and expansion of LeddarTech's technology.
 
 
 
</div>

LeddarTech

<div>
 
 Seyond (formerly known as Innovusion) offers image-quality long-range LiDAR solutions for the automotive and other industries. Its product portfolio includes 1) &ldquo;Falcon,&rdquo; a LiDAR sensor specifically designed for the automotive industry, with a detection range of up to 500 meters and field of view (FoV) of 120 x 25 degrees; 2) &ldquo;OmniVidi,&rdquo; a perception service software platform, powered by a proprietary single-laser Forward SightNet and multi-laser fusion perception lightweight model; and 3) &ldquo;Robin,&rdquo; a short- to medium-range LiDAR sensor, with a detection range of up to 250 meters and FoV of 120 x 24 degrees.&nbsp;
 
 
 
 
 The company, headquartered in Silicon Valley, California, also has operations in China and Germany. As of November 2023, the company had an annual production capacity exceeding 300,000 units at its facility in China, and had plans to commence mass production by December 2023. In November 2023, the company reported delivering 200,000 automotive-grade LiDAR to customers.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Seyond primarily targets China and has entered several partnerships in the region. This includes a strategic partnership with Chinese EV maker NIO to supply LiDAR sensors for NIO&rsquo;s vehicles and a partnership with Chinese self-driving tech startup Mogo Auto (January 2022) to promote the adoption and commercial use of LiDAR for autonomous vehicles. The company reportedly delivered 56,000 LiDAR sensors to NIO in 2022.&nbsp;
 
 
 
 
 Meanwhile, the company also has a partnership with Joynext, the smart vehicle arm of Chinese auto component manufacturer, Joyson Electronics, for mass production of LiDAR sensors. It also entered a product partnership with 3D spatial intelligence software solutions specialist Outsight 
 <a href="https://sp-edge.com/updates/24507">
 in November 2023
 </a>
 to combine Outsight's software technology with Innovusion's products for enhanced 3D perception capabilities.
 
 
 
 
 Funding and financials
 
 
 In January 2022, Innovusion raised USD 118 million in a Series C funding round led by Hermitage Capital at a pre-money valuation of USD 1.1 billion. The company intended to use the funds to enhance production capabilities, expand global reach, increase headcount, and for further research and development (R&amp;D).
 
 
 
</div>

Seyond

Connected vehicles and related services like infotainment and cybersecurity use IoT applications

Some companies use AI/ML tech for autonomous navigation

Autonomous vehicles facilitate efficient and greener transportation, contributing to creating smart cities

Automotive companies utilize GenAI solutions to enhance in-vehicle user experiences—mainly conversational AI technologies

Autonomous cars promote sustainable operations

Companies offering vehicle data capturing, analyzing, tracking, and mapping solutions

Companies providing cybersecurity solutions for IoT-enabled vehicle devices

Upstream Security

Auto Tech

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Passenger Mobility Tech (Q1 2024): Tech upgrades pave way for safer, smarter vehicles; partnerships strengthen EV ecosystem

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Upstream Security launches ‘Ocean AI’ for enhanced IoT-enabled vehicle security

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