Aptiv

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 
 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&rsquo;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.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 As of December 2022, Otonomo had a total of 24 contracts with OEMs including BMW, Benz, Audi, Stellantis, 
 <a href="https://sp-edge.com/updates/15208">
 Renault,
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 Nissan, and Mitsubishi. The company also has partnerships with SAP
 <a href="https://sp-edge.com/updates/13842">
 (October 2022)
 </a>
 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.&nbsp;
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/16415">
 For the year ended December 2022,
 </a>
 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 
 <a href="https://sp-edge.com/updates/23469">
 October 2023,
 </a>
 Urgently merged with Otonomo, following which Otonomo became a wholly-owned subsidiary of Urgently and took Urgently public.&nbsp;
 
 
 
</div>

<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 meters and field of view (FoV) of 115 x 25 degrees; 2) &ldquo;InnovizTwo,&rdquo; a next-generation automotive-grade LiDAR sensor with a detection range of up to 300 meters and FoV of 120 x 40 degrees; and 3) &ldquo;Innoviz360,&rdquo; a 360-degree LiDAR sensor with a detection range up to 300 meters and pitched toward both automotive and non-automotive applications.&nbsp;
 
 
 
 
 The company&rsquo;s target market spans across the US, Europe, and Asia, and it had an orderbook 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 of its operations from Q1 2024, which included a reduction of its workforce by approximately 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), and 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>
 to obtain technology to be integrated with its LiDAR solutions.
 
 
 
 
 As of December 2022, the company had secured 14 pre-production programs from companies including automotive industry players such as Twinner, Whale Dynamics, and Syracuse. In 2018, BMW selected LiDAR Sensors from Innoviz Technologies for autonomous vehicles series production(last expanded 
 <a href="https://sp-edge.com/updates/20643">
 in August 2023).
 </a>
 In May 2022, the company secured a USD 4 billion worth order from an unnamed automotive company. It also had a deal worth USD 4 billion with Volkswagen 
 <a href="https://sp-edge.com/updates/12378">
 (August 2022)
 </a>
 and had secured LiDAR partnerships with an unnamed Asia-based automotive OEM to integrate into series production vehicles 
 <a href="https://sp-edge.com/updates/12891">
 (September 2022)
 </a>
 and Delphi Automotive to be integrated into autonomous driving technologies(2017).&nbsp;
 
 
 
 
 Funding and financials
 
 
 Innoviz Technologies generated revenue of USD 6.0 million and reported a net loss of USD 126.5 million (USD 0.94 per share) during 
 <a href="https://sp-edge.com/updates/16757">
 the year ended December 2022.
 </a>
 The company has been listed on 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 utilize the funds raised for general corporate purposes.
 
</div>

StradVision provides an embedded perception algorithm for advanced driver assistance systems and autonomous vehicles use cases. With its production-ready ADAS SW IP platform using camera-based perception AI or LiDAR, StradVision aims towards its future road map to autonomous driving. StradVision’s machine learning algorithm achieved No.1 performance in world-class tech evaluations, including scene text detection (English and Chinese) and pedestrian detection. StradVision’s computer vision algorithm is accurate and fast, and runs smoothly on embedded and IoT devices. Its headquarters are located in San Jose, USA with an R&D center in Pohang, South Korea. With 60 patents issued and 150+ pending patents around the world, StradVision is widely accepted and backed by Global Automotive Industry Veterans.

TTTech Auto provides solutions for the challenges of future vehicle generations. The company specializes in safe software and hardware platforms for automated driving and beyond, applicable in series production programs. With its leading technology solutions, TTTech Auto ensures safety and electronic robustness for a more automated world. TTTech Auto was founded in 2018 with the participation of technology leaders Audi, Infineon, Samsung and TTTech to build a global, safe vehicle software platform for automated and autonomous driving. In 2022, the company raised USD 285 million (EUR 250 million) from Aptiv and Audi in its latest funding round. At TTTech Auto's headquarters in Vienna, Austria, and in more than 10 locations across Europe, the U.S.A. and Asia, 1,200 employees work with leading car manufacturers on their software defined vehicle, ADAS and autonomous driving programs. The company has acquired and invested in technology companies in France, Spain, Turkey, China and in Central and Eastern Europe.  www.tttech-auto.com

Krono-Safe serves markets in need for a safer and more efficient solution for developing real-time embedded applications. These extend to both well established markets such as transportation, industrial automation, energy, medical and military, and new markets springing up where safety and security converge like the Internet of Things.

Innoviz is a manufacturer of solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles. InnovizPro is a solid-state LiDAR that offers outstanding performance and value for automotive and other applications. InnovizOne is a cutting-edge, automotive-grade LiDAR sensor that provides superior 3D sensing for Level 3-Level 5 autonomous driving.  The company is backed by top-tier strategic partners and investors, including Magna International, Samsung, Aptiv, Magma Venture Partners, Vertex Ventures, SoftBank Ventures Asia, China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), 360 Capital Partners, Glory Ventures, Naver,  Shenzhen Capital Group, New Alliance Capital, Harel Insurance Investments and Financial Services, Phoenix Insurance Company, and others.

Affectiva is on a mission to humanize technology. An MIT Media Lab spin-off, Affectiva created and defined the Emotion AI category. Built on deep learning, computer vision, speech science and massive amounts of real-world data (over 9 million face videos analyzed in 90 countries), Affectiva’s technology can detect nuanced human emotions, complex cognitive states, activities, interactions, and objects people use. In automotive, Affectiva’s in-cabin sensing AI is enabling leading car manufacturers, fleet managers and ridesharing companies to build next-generation mobility that adapts to complex human states for enhanced safety and personalized transportation experiences. Affectiva’s technology is also used by 25 percent of the Fortune Global 500 companies to test consumer engagement with ads, videos, and TV programming.

Otonomo fuels a data ecosystem of OEMs, fleets, and more than 100 service providers. Our platform securely ingests more than 4 billion data points per day globally from over 40 million vehicles licensed on the platform, then reshapes and enriches it, to accelerate time to market for new services that improve the in-and-around the car experience. Privacy by design and neutrality are at the core of our platform, which enables GDPR, CCPA, and other privacy-regulation-compliant solutions using both personal and aggregate data. Use cases include emergency services, mapping, EV management, subscription-based services, parking, predictive maintenance, insurance, media, in-vehicle services, traffic management, and smart city solutions.

Quanergy Solutions, Inc. is a Silicon Valley-based technology company developing 3D-LiDAR sensors and smart sensing solutions. Quanergy’s mission is to enhance people’s experiences and safety by enabling a new generation of automation processes in the physical security, industrial automation, and smart spaces markets. Quanergy’s industry price/performance smart LiDAR solutions are deployed by nearly 400 customers and over 50 partners across the globe.  It was founded in 2012 and is headquartered in San Jose, CA, USA.

Aptiv is a global technology company that develops safer, greener, and more connected solutions, which enable the future of mobility. The company believes that the power of new mobility can change the world. Which is why Aptiv is delivering the software capabilities, advanced computing platforms, and networking architecture that makes mobility work. The company aims to become the mobility's leading software and systems technologies integrator. And today, it continues positioning itself as uniquely capable of bringing together everything that the future of mobility requires. Aptiv is headquartered in Gillingham, England and operates 14 technical centers, as well as manufacturing sites and customer support centers, in 45 countries,the company said in a news release.

<div> Aptiv is a global technology company that develops safer, greener, and more connected solutions, which enable the future of mobility. The company believes that the power of new mobility can change the world. Which is why Aptiv is delivering the software capabilities, advanced computing platforms, and networking architecture that makes mobility work. The company aims to become the mobility\'s leading software and systems technologies integrator. And today, it continues positioning itself as uniquely capable of bringing together everything that the future of mobility requires. Aptiv is headquartered in Gillingham, England and operates 14 technical centers, as well as manufacturing sites and customer support centers, in 45 countries,the company said in a news release. </div>

Aptiv

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Motional receives USD 448 million from Hyundai; Hyundai to buy out stake from Aptiv for controlling 85% interest

Motional receives USD 448 million from Hyundai; Hyundai to buy out stake from Aptiv for controlling 85% interest

Apitiv to cut stake and stop funding self-driving tech company Motional

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