Smart car co Otonomo buys behavior analysis co Neura

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The Israeli Vehicle Data Connected Car Platform and Marketplace Otonomo Technologies Ltd. (Nasdaq: OTMO) announced the acquisition of Israeli behavioral analysis and mobility intelligence company Neura.

No financial details of the acquisition have been disclosed, but sources estimate that Otonomo is paying $ 50 million for a full stake in Neura, which has raised $ 34.22 million, according to Start-Up National Central. Investors include Pitango, Moneta, Qureta Retail Group, Amdocs and Axa Venture Partners. Liberty Israel and Lenovo.

Otonomo will leverage Neura’s advanced analytics powered by patented artificial intelligence (AI) and machine learning (ML) technologies, and various layered data to expand its mobile intelligence platform.

Otonomo also announced the launch of new solutions, leveraging Neura technologies, which will provide transportation planners, EV service providers, MaaS providers, fleets and others with the actionable multimodal and mobility information needed for planning and operation. efficient operation of rapid and sustainable transport. networks.

The company aims to empower organizations in the mobility, transportation and automotive ecosystem to make data-driven strategic decisions by transforming vast amounts of rich and precise data and activity signals into actionable insights. and precious.

Otonomo Co-Founder and CEO Ben Volkow said, “The acquisition of Neura strengthens Otonomo’s leadership in mobility, transportation and automotive data. In response to the needs of our customers and the market, we can now deliver increased value and the deeper, more holistic view required. Otonomo is excited to expand its portfolio of SaaS offerings to include specific vertical intelligence solutions. This elevates the Otonomo platform into an impactful solution for the broader mobility, transportation and automotive industries.

Based in Herzliya, Neura was founded by VP Product Ori Shaashua, CTO Triinu Magi and VP R&D Gil Mahler. CEO Amit Hammer will join Otonomo as executive vice president of operations.

Hammer said: “The synergy between Otonomo and Neura holds great promise for the mobility and transport ecosystem. intelligence solutions. Going forward, Otonomo intends to provide effective solutions to the most pressing planning, deployment and operations challenges of EV service providers, MaaS providers, fleets and others.

Otonomo’s share price rose 1.63% on the Nasdaq yesterday to $ 4.98, resulting in a market cap of $ 625.6 million roughly half the amount of its listing price in August. after the company completed its SPAC merger.

Posted by Globes, Israel business news – en.globes.co.il – on October 5, 2021

Copyright of Globes Publisher Itonut (1983) Ltd. 2021


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