Autotalks News
52 articles
China’s market watchdog says the U.S. chipmaker acknowledged closing its Israeli deal without required approval.
Qualcomm, a U.S. semiconductor company, is under scrutiny by Chinas market regulator for completing its acquisition of Israeli chip designer Autotalks without the required approval. The acquisition, finalized in June for less than $100 million, was initially valued at $350-400 million. Qualcomms shares fell over 5% following the announcement of an antitrust investigation by China, which claims Qualcomm did not declare necessary details of the acquisition. Autotalks, known for developing vehicle-to-vehicle communication chips, struggled commercially despite significant investment. Under the acquisition, Autotalks employees joined Qualcomms automotive division, with former CEO Hagai Zyss becoming vice president of product management.
AcquisitionAcquired-byManagement Changes
סין פותחת בחקירת הגבלים עסקיים נוספת, הפעם סביב עסקת הרכישה של אוטוטוקס הישראלית ע"י חברת השבבים האמריקאית קוואלקום
The article discusses a new antitrust investigation by China into Qualcomms acquisition of the Israeli company Autotalks. This investigation is seen as part of the ongoing trade tensions between the U.S. and China. Autotalks, which develops communication chips for vehicles, was acquired by Qualcomm for approximately $80-90 million, although a larger deal was previously blocked by U.S. regulators. The investigation is perceived as a pressure tactic ahead of trade discussions between the U.S. and China. Qualcomms stock has dropped by about 3% in early trading in New York as a result of the news.
Acquisition
Beijing widens scrutiny of U.S. tech firms as Qualcomm’s $100 million acquisition of Autotalks faces new hurdles.
Qualcomms acquisition of Autotalks is under scrutiny by Chinas State Administration for Market Regulation, which has launched an antitrust investigation into the deal. This move adds tension to the ongoing semiconductor rivalry between the U.S. and China. Qualcomm finalized the acquisition of Autotalks, an Israeli startup specializing in vehicle-to-vehicle communication chips, for less than $100 million, significantly lower than its previous valuation of $350-400 million. The investigation focuses on potential violations of Chinas Anti-Monopoly Law. This development revives past tensions, as Qualcomm previously faced a $975 million fine in China for antitrust violations. The scrutiny highlights the challenges U.S. tech firms face in China amid broader geopolitical tensions.
Acquisition
Once a $400M prospect, Autotalks sold to Qualcomm for less than $100M
Autotalks, an Israeli company specializing in vehicle-to-vehicle (V2X) communication technology, has been acquired by Qualcomm for less than $100 million, a significant drop from its previously discussed valuation of $350-400 million. The acquisition follows a failed attempt in 2024 due to regulatory hurdles. Despite the acquisition providing a soft landing with all 100 employees offered positions at Qualcomm, the deal is seen as a financial disappointment for investors who had invested $150 million in Autotalks. Qualcomms acquisition aligns with its strategy to diversify its product portfolio as the automotive industry becomes more data-driven. The acquisition was finalized after full regulatory approval, and former Autotalks CEO Hagai Zyss is now VP of product management at Qualcomm.
Acquired-byManagement ChangesLayoffs
Qualcomm acquires Autotalks for hundreds of millions after two-year delay
Qualcomm has successfully acquired Israeli company Autotalks, a developer of vehicle-to-everything (V2X) communication chips, after overcoming regulatory hurdles from the European Commission and the US Federal Trade Commission. The acquisition, valued between $350–$400 million, will see approximately 100 Autotalks employees join Qualcomm. Autotalks technology, which enhances vehicle safety by transmitting critical data to surrounding vehicles and infrastructure, is set to be integrated into millions of passenger cars by a leading automaker. The acquisition aligns with Qualcomms strategy to expand its automotive ambitions beyond infotainment and connectivity. Autotalks chips, designed for advanced safety features, are expected to be available later this year, with vehicles featuring these chips hitting the roads in 2025.
AcquisitionPartnersCustomersLayoffs
A previous deal between the two companies, at a much higher price, ran into regulatory difficulties in the US.
Israeli startup Autotalks has been acquired by Qualcomm Technologies, a unit of US semiconductor giant Qualcomm, for $80-90 million. This acquisition marks the second attempt after a previous deal fell through due to regulatory issues in the US. The revised deal price is significantly lower than the original $350 million. Autotalks, a developer of V2X systems, has maintained its workforce of about 120 employees, who will now join Qualcomm. Investors in Autotalks, including Vintage, Mitsui, Hyundai, Samsung, and others, will not see a large return on their investment. The acquisition reflects changes in the regulatory environment that allowed the deal to proceed.
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המגעים התחדשו: קוואלקום שוב רוצה לרכוש את אוטוטוקס הישראלית
Qualcomm is in early negotiations to renew its acquisition of the Israeli company Autotalks. The initial deal, announced in May 2023, was canceled in March due to regulatory issues. According to a report by Delek Motors, one of Autotalks investors, discussions between the two companies resumed last month. This potential acquisition could have a positive impact on Qualcomms growth.
Acquisition
אוטוטוקס ו-Secure-IC משתפות פעולה ליצירת שבבי תקשורת V2X מאובטחים
Autotalks, a global leader in V2X (Vehicle-to-Everything) communication solutions, and Secure-IC, a global provider of end-to-end cybersecurity solutions for embedded systems, have announced a new partnership. The collaboration aims to strengthen data security in Autotalks advanced V2X communication solutions. Autotalks and Secure-IC will present their joint activities at the Embedded World conference in Nuremberg, Germany. Autotalks recently launched its third-generation chipset, which is the only chip that supports 5G-V2x communication, even in parallel with traditional DSRC communication.
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קוואלקום מבטלת את רכישת אוטוטוקס הישראלית ב-350 מיליון דולר
Qualcomm has announced the cancellation of its planned acquisition of Israeli company Autotalks for $350 million. The deal did not receive regulatory approval for a long period of time. Autotalks is now exploring alternative ways to continue the companys success.
Acquisition
Qualcomm cancels $350m Autotalks acquisition
US chip giant Qualcomm has cancelled its acquisition of Israeli vehicle chip company Autotalks. The deal, estimated at $350 million, was cancelled following a probe by the UK Competition and Markets Authority. The exact reasons for the cancellation are unclear. The deals cancellation is a significant disappointment for Autotalks 126 employees, many of whom are long-term employees who have been with the company for its 16-year history.
Acquisition
האירופים חוששים מעסקת המיזוג קואלקום-אוטוטוקס - Techtime - חדשות אלקטרוניקה והייטק
The acquisition of Israeli company Autotalks by Qualcomm is facing regulatory hurdles in Europe, with the deal being investigated by both the European Commission and the UKs Competition and Markets Authority. The two companies are the main suppliers of V2X chips to the European automotive industry, and there are concerns that the deal could create a monopoly and harm Europes competitiveness. Autotalks is preparing to launch its third-generation chip, which has passed a series of certification tests conducted in collaboration with Keysight. The chip supports direct communication (Sidelink) of 3GPP 5G standard communication systems.
AcquisitionRegulatory issues
Hyundai Mobis partners with Israel's Autotalks to develop 5G-based vehicle-to-everything technology
Hyundai Mobis has partnered with Autotalks to develop 5G-based vehicle-to-everything technology for the self-driving car market. The partnership aims to enable autonomous cars to communicate with other vehicles and on-road facilities, enhancing safety and reducing accidents. Hyundai Mobis plans to create a 5G-based V2X integrated controller and promote the technology to global clients starting in 2024. The partnership with Autotalks positions Hyundai Mobis to gain a competitive edge in the self-driving car market.
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EU regulators cast doubt over Qualcomm's $350-400 million acquisition of Autotalks | CTech
Qualcomm will need to seek EU antitrust approval for its planned takeover of Autotalks, an Israeli auto-chip maker, even though the deal is below the EUs turnover threshold. The European Commission stated that the deal is important for original equipment manufacturers and others who need access to vehicle-to-everything (V2X) semiconductors. Qualcomm will have to secure EU antitrust approval before closing the $350-400 million deal. The EU competition watchdog said 15 EU countries have asked it to examine the deal. Autotalks is a fabless semiconductor company that provides V2X solutions for improving road safety and reducing emissions. Qualcomm has previously acquired other Israeli companies and has a growing automotive business.
Acquisition
Qualcomm to acquire Israeli auto-chip maker Autotalks
Qualcomm Inc announced its acquisition of Autotalks Ltd, a maker of chips used in crash-prevention technology in vehicles. The terms of the deal were not disclosed. Autotalks technology will be incorporated into Qualcomms assisted and autonomous driving product, Snapdragon Digital Chassis. Qualcomms automotive business has seen significant growth, with potential future orders rising by more than $10 billion to $30 billion. The companys revenue from the automotive business also rose 20% to $447 million in the second quarter. Autotalks specializes in chips for vehicle-to-everything (V2X) communications technology. The impact of the acquisition is growth-positive for Qualcomm Inc.
Acquisition
אוטוטוקס מגייסת את הצפרדע של פרוגר למאמצי ההסברה
Israeli chip company Autotalks has developed a new version of the arcade game Frogger to demonstrate its V2X (Vehicle to Everything) technology. The technology, which is already used by 10 global car manufacturers, will be deployed on roads from next year to prevent accidents. The V2X chips are installed in vehicles and on the sides of roads and transmit information to each other about nearby people, unseen vehicles approaching intersections and obstacles on the road. Autotalks plans to use the game to demonstrate the importance of V2X technology in preventing road accidents and saving lives.
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Israeli startup to deploy hazard-alerting chipsets on Germany's autobahn
Israeli startup Autotalks has partnered with Germanys Afusoft to deploy its chipsets at roadside traffic signals along Germanys autobahn. The chipsets are based on sensor technology that allows vehicles to communicate with each other and connect to road infrastructure. The Vehicle-to-Everything (V2X) system uses connected car technology to warn other vehicles and their drivers of hazards before they can be seen. As part of the collaboration, at least 150 roadside units will be installed with Autotalks chipsets along Germany’s autobahn in the coming months, with plans for thousands more to be deployed in the near future.
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Murata Set to Accelerate Widespread Adoption of Cooperative Safety With Advanced V2X Solution Featuring Autotalks' Chipset
הכירו את השבבים החדשים שינסו לצמצם את תאונות הדרכים
Israeli company Autotalks has signed agreements with two leading car manufacturers in China to integrate its V2X (Vehicle-to-Everything) communication solutions into their mass production lines. The first vehicles with Autotalks V2X chips from one of the Chinese brands will hit the roads in China in the second half of 2023. The second Chinese manufacturer, which has a strong presence in Europe, will launch vehicles with Autotalks chips in China and Europe at the beginning of 2024. Autotalks has so far signed agreements to integrate its technology with eight major car manufacturers involved in mass production, including two OEM manufacturers in China.
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Autotalks and Cohda Wireless collaborate to offer the world's first fully integrated V2X SoC | New-TechEurope
Autotalks and Cohda Wireless are collaborating to offer the worlds first fully integrated V2X SoC. Autotalks TEKTON3 chipset will run Cohdas full V2X software stack, enabling easy integration for Tier1s and OEMs with lower development and testing expenses. The collaboration simplifies the V2X functionality by having a single company responsible for the entire solution. The TEKTON3 SoC supports 5G C-V2X for Day 2 use cases, providing life-saving situational awareness alerts and the ability to share sensor data among vehicles. The partnership between Autotalks and Cohda Wireless aims to advance the adoption of connected, intelligent transport systems.
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5G V2X chipsets gain deep data analytics - EDN
Florida and Colorado Residents to Benefit from Safer Roads as Autotalks and Yunex Traffic Deploy Connected Vehicle Infrastructure Technology
Autotalks is collaborating with Yunex Traffic to deploy V2X technology in the United States. The collaboration involves installing Yunex Traffics RSU2X roadside units equipped with Autotalks V2X chipsets in Florida and Colorado. The RSUs will enable vehicles and infrastructure to communicate with each other, improving safety and efficiency across various forms of mobility. The collaboration aligns with the U.S. Governments plan to allocate $6.4 billion over five years to fund projects that reduce greenhouse gas emissions. The RSU2X units will be used in the Colorado Department of Transportations roadway network and in Florida by the city of Tampa, Floridas Turnpike, and Interstate 4. The installations will take place between fall 2022 and spring 2023.
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Autotox announces immediate availability of the ZooZ 2 safety device, designed to prevent bicycle and scooter accidents - time.news - Time News
Autotalks announces the availability of ZooZ 2, a V2X device for micro-mobility that aims to prevent accidents involving bicycles and scooters. The device alerts riders when a vehicle equipped with V2X endangers them and notifies vehicles and smart infrastructure of the riders presence. Four bicycle and riding equipment companies will conduct trials, and two automakers will perform validation tests. The device has been successfully demonstrated in tests by the European SECUR project. Autotalks unveiled ZooZ 2 at the Velo-City conference. The company aims to eliminate road accidents involving two-wheeled vehicles at intersections. Autotalks has raised over $150 million and is currently recruiting additional workers.
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אוטוטוקס: צבר ההזמנות של 200 מיליון דולר - Techtime - חדשות אלקטרוניקה והייטק
אוטוטוקס, חברת המפתחת שבבי V2X לתקשורת בין כלי-רכב לתשתיות ומשתמשי דרך, דיווחה כי במהלך שנת 2021 הכפילה את צבר ההזמנות שלה להיקף של כ-200 מיליון דולר. החברה חתומה כיום על הסכמים לאספקת שבבי V2X עם שש יצרניות. היא גם מעורבת בפרויקטים בתחומי התשתיות והערים החכמות ברחבי העולם. הטכנולוגיה של V2X מאפשרת למכוניות להעביר ביניהן נתונים בטיחותיים ולספק התרעה על סכנת התנגשות. אוטוטוקס גייסה מענקית הייצור האלקטרוני פוקסקון יותר מ-150 מיליון דולר ומעסיקה כ-100 עובדים במספר מדינות.
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מערכת V2X של אוטוטוקס תסייע להסב את התחבורה הציבורית של סיאול לאוטונומית ברמה 4 New-Tech OnLine
Israeli company Autotalks has installed thousands of its V2X systems in 2,000 buses in Seoul, South Korea, as part of the Seoul City C-ITS project aimed at making the citys public transportation autonomous. The V2X systems provide drivers with alerts about dangerous proximity to pedestrians, schools, areas with elderly populations, road disruptions, weather conditions, and more. The project was jointly initiated and funded by the Seoul City and the South Korean Ministry of Infrastructure and Transport. Autotalks is also expanding its workforce.
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Foxconn Interconnect Technology invests $10 million in Autotalks
FIT, a subsidiary of Foxconn, is investing $10 million in Autotalks, a V2X communication solutions provider, following a strategic collaboration agreement between the two companies. Autotalks and FIT will work together to accelerate V2X penetration in the automotive and micro-mobility segments. They will leverage Autotalks automotive V2X technology and its recently launched ZooZ micro-mobility platform. The joint micro-mobility activity will start this year, and the automotive activity will start early next year. The investment from FIT demonstrates their confidence in Autotalks as a trusted provider of V2X solutions.
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Autotalks platform uses V2X to increase bike and scooter safety Traffic Technology Today
Autotalks has launched the ZooZ platform, a V2X-based solution for preventing bike and scooter accidents. The platform connects micromobility to the vehicle safety network, increasing drivers awareness of bikes and scooters to prevent accidents. Autotalks is in discussions with manufacturing and integration partners to implement the platform. The ZooZ V2X device is installed on bikes and scooters, alerting vehicles equipped with V2X and smart signs about the presence of cyclists. The device handles various use cases, including blind spot alerts, bike ahead alerts, intersection safety, and group communication. Autotalks plans to officially launch ZooZ at the IAA Mobility show in Munich. The company aims to create a V2X-based micromobility safety network and improve overall traffic safety.
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אוטוטוקס הכריזה על תמרור חכם שיודע להתריע על נוכחות אופניים וקורקינטים חשמליים בצמתים מסוכנים - Chiportal
Autotalks, a global pioneer in V2X (Vehicle-to-Everything) communication solutions, has partnered with Ben-Gurion University to develop a smart mirror to prevent accidents involving electric bicycles and scooters. The smart mirror, equipped with Autotalks V2X chip, alerts the driver about the presence of bicycles or electric scooters and can assist in automatic braking of the vehicle if necessary. The smart mirror is expected to be launched in the coming months as part of a comprehensive platform aimed at preventing accidents of two-wheeled electric vehicles at intersections.
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Autotalks and ZF Team Up to Empower Autonomous Shuttles With Lifesaving V2X Solutions
Autotalks has been selected by ZF, one of the worlds largest automotive suppliers, to provide its V2X solutions. Autotalks V2X chipsets will be integrated into ZFs ProConnect Connectivity Unit for autonomous e-shuttles. The chipsets enable vehicle-to-infrastructure (V2I) communication, allowing autonomous vehicles to communicate with roadside units and traffic lights. Autotalks chipsets are designed for reliability and security, adhering to automotive quality standards. ZFs partnership with Autotalks is part of its ADAS platform for autonomous driving.
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אוטוטוקס תסייע למנוע תאונות דרכים ברוסיה - Chiportal
Autotalks, a global leader in V2X communication solutions, is partnering with Sreda Solutions to bring V2X communication to the Russian market. Autotalks V2X chip complements information from other sensors, improving road safety. The Russian government is actively promoting the adoption of V2X technology, and Autotalks sees Sreda Solutions as an ideal partner to enter the market. Autotalks has also joined the international SECUR project, aimed at enhancing safety for all road users. The company collaborates with leading Tier1 suppliers in the automotive industry to develop chip-based platforms. Autotalks has raised $120 million and employs around 100 people globally.
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Israeli co Autotalks nears $2b valuation SPAC merger
Autotalks, an Israeli connected vehicles technology company, is in advanced talks to be listed on Nasdaq through a SPAC at a valuation of $1.5-2 billion. The company develops V2X chips for smart cars to connect and transfer data. Autotalks already has strategic contracts with Volkswagen and Toyota, and is working with Chinese authorities to make V2X technology a standard specification for Chinese cars. The company has raised $120 million to date and has offices in multiple countries. The SPAC trend in Israels auto-tech sector has allowed companies like Autotalks to list on Wall Street.
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Autotalks Partners With Leading OEMs and Tier1s to Save Lives on the Road
Autotalks, the sole semiconductor and only Israeli company in the SECUR project, is joining efforts to improve road safety through V2X communication. The project aims to define the V2X test procedure for the European New Car Assessment Program (EuroNCAP) in 2025. Autotalks will contribute its expertise in V2X communications to the project, which includes leading OEMs, Tier1s, and test labs. The results of the research will be integrated into the EuroNCAP 2025 roadmap, potentially leading to widespread adoption of V2X technology in new vehicles. Autotalks production-ready chipset meets European deployment requirements and supports both DSRC and C-V2X technologies.
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Israeli startup teams up with Applied Information to provide green lights that save lives
Israeli V2X solution provider Autotalks has partnered with American smart transportation solutions company Applied Information to deploy innovative technology aimed at helping emergency vehicles arrive faster. Autotalks dual-mode chipsets are installed in emergency vehicles and on roadside units to enable communication. The main use-cases are for emergency vehicles traffic signal preemption, transit buses for traffic signal priority, and vehicles involved in roadside work zones. The collaboration is expected to expand to offer priority to transit buses, red-light running alerts, and get ready for green messages. The success of the initial test case in Georgia has led to agreements with additional states, including Texas and Hawaii. Autotalks sees this partnership as an opportunity to enter the U.S. market.
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Autotalks' global V2X solution successfully passed dual-band Wi-Fi pre-certification
Autotalks, a global provider of V2X communication solutions, has successfully completed Wi-Fi 5 pre-certification for its evaluation kit based on its 2nd generation V2X chipset. The milestone highlights the flexibility of Autotalks chipset and its ability to deliver communications devices for the automotive market that are compliant with industry standards. This achievement enables Autotalks to provide a one-stop chipset for the connected car, supporting both safety and advanced service use cases. Autotalks chipsets have been selected for mass production DSRC and C-V2X projects by global OEMs and Tier1s.
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Major China C-V2X project opts for Autotalks chipset Traffic Technology Today
Autotalks has been selected for a major cellular-V2X program in China, marking its first mass produced C-V2X project. The program will involve the deployment of Autotalks mature C-V2X solution in the Chinese market, showcasing the companys capabilities. The selection was based on rigorous testing and evaluation, with Autotalks chipset outperforming rival offerings in terms of radio performance, security credentials, thermal resiliency, and transmit diversity. China is expected to lead the global V2X market, with an estimated 629,000 light vehicles equipped with C-V2X technology produced in the region in 2020. Autotalks CEO, Hagai Zyss, expressed pride in being part of the program and highlighted the trust placed in Autotalks by leading OEMs and Tiers.
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Autotalks C-V2X chipset ready for Chinese CAV market Traffic Technology Today
Israeli V2X communication systems developer Autotalks has announced that its Cellular V2X (C-V2X) chipset is now ready for the Chinese market following successful interoperability and conformance testing. The company showcased its chipsets conformance to the Chinese C-V2X standard and the Chinese OSCCA security standard in a large-scale interoperability demonstration. Autotalks chipset was used by five different automakers in the demonstration. The company has been working closely with its Tier 1 and ecosystem partners to ensure end-to-end conformance and interoperability. Autotalks also signed a cooperation agreement with Chinese IT services multinational Neusoft to create a highly reliable and secure global V2X solution. Autotalks chipset is equipped with both C-V2X and DSRC, making it the worlds first dual mode chipset.
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Car Communications Startup Autotalks Partners With Smart Mobility Startup NoTraffic
Autotalks Ltd. will supply its chipset to NoTraffic Ltd.s autonomous traffic management system. The joint product will improve traffic flow by identifying and communicating information about vehicles, motorcycles, and pedestrians to oncoming vehicles. Autotalks develops vehicle communication chips and has raised $80 million from investors including Samsung and Hyundai. NoTraffic develops a real-time traffic management system based on plug and play sensors and communication between vehicles and traffic lights. The company has raised $3.5 million to date.
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Nuvoton invests $20m in Israeli V2V co Autotalks
Taiwanese chipmaker Nuvoton Technology has acquired a 7.14% stake in Israeli smart car startup Autotalks at a company valuation of $300 million. Nuvotons investment of about $20 million is part of a larger financing round. Autotalks, founded in 2008, focuses on chips connecting vehicles in the smart car and driverless vehicle sector. Autotalks has strategic customers including Volkswagen, Hyundai, Toyota, and Chinese customers. The company has raised $70 million to date in three financing rounds. Main investors include Delek Motors and Volkswagens Israeli importer Allied Group.
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Autotalks Completes Successful Field Test In China
Autotalks, an auto communications chip startup, has completed a successful field test in China in partnership with an unnamed Chinese technology company. The test aimed to verify Autotalks technology on a public road, demonstrating communication between vehicles and other entities like traffic lights in a real urban environment. Autotalks develops vehicle communication chips to enhance safety and mobility in autonomous vehicles. The company established a local presence in China in late 2018 and has offices in Israel, the U.S., Europe, and East Asia. It employs around 100 people.
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Autotalks expands into China
Israeli vehicle communications company Autotalks is expanding its operations to China by opening an office in Beijing. Autotalks aims to introduce its disruptive global V2X offering to Chinas automotive and Intelligent Transportation Systems segments. The company has appointed Xiaobing Yang to head its new office in Beijing. Autotalks recently launched a global V2X solution supporting both DSRC and LTE-V2X, which is a genuinely secure and cost-effective standalone LTE-V2X solution. Autotalks plans to work closely with the Chinese automotive ecosystem to bring its V2X solution to mass deployment and improve road safety in China.
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Israeli startup Autotalks launches global V2X chipset with DSRC, C-V2X
Hyundai Invests in Autonomous Vehicle Chipset Developer Autotalks
Hyundai has invested in Autotalks, an Israel-based developer of communication chipsets for autonomous driving. The investment amount is in the single-digit millions of dollars. The funding is intended to help Autotalks further develop its technology. Autotalks has previously raised $80 million in funding from investors including Gemini Israel Ventures, Magma Venture Partners, Mitsui & Co. Global Investment Ltd, Amiti Ventures LLC, and Liberty Media Corporation. The company is headquartered in Israel and has additional offices in the U.S., Europe, and East Asia.
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Autotalks to unveil vehicle-to-everything solution at CES
Autotalks and STMicroelectronics have developed the worlds first mass-market-ready 2nd-generation DSRC-based V2X solution. The technology is designed to save lives and improve mobility on the roads. The demonstration at CES 2018 will showcase the commercially-ready technology, which can be used to avoid collisions, describe road conditions, and indicate distance to important infrastructure. Autotalks CEO highlights the readiness of DSRC for mass deployment and the strong V2X ecosystem established by Autotalks. The partnership with STMicroelectronics contributes to making automotive systems safer, greener, and more connected. The article does not mention any specific customers, investors, or acquisition or investment amounts. The event described in the article took place during CES 2018. Confidence level: 9
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Autotalks opens offices in Japan and Korea
Israeli V2X communication solutions developer Autotalks is expanding its operations with the opening of two offices in Japan and a third in South Korea. These offices will provide local support to car manufacturers and automotive Tier-1 suppliers across Asia and the Pacific. Autotalks is hiring local staff to further expand these offices. The companys expansion into Asia was accelerated by a partnership with DENSO, and it recently completed a $40 million financing round with an investment from Mirai Creation Investment Fund.
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Car Tech Startup Autotalks Raises $40 Million
Autotalks, a leader in V2X communication chipsets, has completed a $40 million Series D round of financing. The funding will allow Autotalks to expand its operations for mass production and develop communication solutions for connected and autonomous cars. Since its founding in 2008, Autotalks has raised over $45 million.
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Toyota-backed fund invests in Israeli auto chip venture
Autotalks, an Israel-based automotive chip startup, has raised $5 million in investment from an investment fund backed by Toyota Motor. Autotalks develops chipsets for vehicle-to-everything (V2X) communications, known for performing well in bad weather and low visibility. This investment will contribute to the growth of the company.
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Autotalks launches motorcycle accident prevention solution
Autotalks, an Israeli V2X communication solutions developer, is launching its bike-to-vehicle (B2V) solution for the prevention of motorcycle accidents. The solution is based on Autotalks B2X chipset and enables detection of motorcycles that are not visible to the human eye or cameras. The company has raised $70 million to date. German supplier Bosch is conducting a B2V study that incorporates Autotalks technology, Ducati motorcycles, and Cohda Wireless software stack. According to Bosch accident research, the B2V technology could prevent nearly a third of all powered two-wheeler accidents with casualties in Germany. Autotalks B2V solution uses the DSRC protocol for safe data exchange between cars and motorcycles. The launch of B2V technology is a significant milestone for Autotalks and aims to enhance motorcyclists safety.
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Israeli smart car co Autotalks raises $30m
Israeli V2X communication solutions startup Autotalks has completed a $30 million Series D financing round. The funding will be used to expand the companys operations and accelerate deployment of technologies for safer and smarter autonomous vehicles. Autotalks chipsets have been selected by several leading car manufacturers to supply their V2V solution. The investment comes as the US Department of Transportation issues a mandate for DSRC-based V2V communication in all new light vehicles sold in the US by 2023. Autotalks chipsets are well-positioned to meet this regulation. Autotalks CEO is confident that their chipsets will soon be part of most new vehicles worldwide.
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Pedestrian safety is target as Israel's Autotalks teams with Taiwan firm
Israeli semiconductor company Autotalks has partnered with Taiwans RoyalTek to develop a vehicle-to-pedestrian product that uses Autotalks V2X semiconductor chips and RoyalTeks OMEN device to warn pedestrians, cyclists, and motorcyclists of approaching cars. The joint product is currently in the prototype stage. The companies aim to reduce pedestrian fatalities and injuries caused by traffic accidents. Autotalks CEO, Hagai Zyss, stated that the collaboration not only helps prevent accidents but also safeguards those who are most vulnerable.
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Car communications co Autotalks raises $25m
Autotalks, a company that develops chips for communications in autonomous cars, is set to complete a $25 million financing round at a company value of $100 million. The Magma fund and an Asian financial giant are leading the round. Autotalks has already raised $40 million in three previous rounds. The company has offices in Japan and South Korea and has developed V2X communications chips for vehicles and infrastructure. Japanese company Denso has selected Autotalks V2X technology for mass deployment starting in 2019. Autotalks operates as a chip manufacturer and has 60 employees worldwide.
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Auto parts co DENSO chooses Autotalks V2X device
Autotalks, an Israeli company, has been selected by global auto parts supplier DENSO to provide its next generation V2X communications platform. Autotalks chipset will be at the center of DENSOs global V2X platform for car-makers mass market projects. The V2X communication technology connects vehicles to other vehicles, infrastructure, motorcycles, and pedestrians for safety and mobility applications. Autotalks next generation devices offer advantages such as mobility optimization, cryptoagility, and scalability. The partnership with DENSO validates Autotalks technology superiority and capability to support high-scale mass market projects.
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Israel's Transport Ministry mulls self-driving car trials
The Ministry of Transport in Israel is considering field tests for automatically driven cars in Ashdod or Beersheva. The chief scientist of the Ministry believes that these cars will be on the roads worldwide by 2020 and could account for 50% of all cars within 25 years. The focus of preparation is currently on communications between vehicles, and the Ministry will participate in a European workshop on the subject. The Ministry is also commissioning academic studies on the topic. The two trends in automatically driven cars are traditional vision sensors and the innovative approach of vehicles owned by service providers. Google and Apple Computers follow the latter approach. The Ministry is considering areas in Ashdod or Beersheva for testing different types of automatically driven cars. Other experts in the field also discussed the importance of sensors, connectivity between vehicles, and the competition between Google, Apple Computers, and Microsoft for control of vehicle entertainment and information systems.
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STMicroelectronics and Autotalks Finalize Mass-Market V2X Chipset to Meet Upcoming US Mandate on Connected Road Safety
STMicroelectronics and Autotalks are preparing to release their second-generation V2X chipset and will begin design-ins with leading vendors of Smart-Driving systems in 2016. V2X technology connects vehicles to other vehicles and infrastructure within wireless range for safety and mobility applications. The joint project between STMicroelectronics and Autotalks aims to deliver a superior-performing solution within a short timeframe. The new chipset achieves low power consumption, high temperature range, high integration and efficiency, and is designed to meet the rigorous requirements for safety-critical systems and autonomous vehicles.
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