otonomo

Company Overview

Snapshot

Founded in December 2015 by Avner Cohen and Ben Volkow, otonomo grew to 201–500 employees and raised $341.1M across 7 funding rounds from 14 investors. The company was acquired by Urgently in October 2023.

Business overview

otonomo operates a smart mobility data platform that serves a data ecosystem of OEMs, fleets, and over 100 service providers in the transportation, mobility, and automotive industries. Its core technology securely ingests billions of data points daily from millions of vehicles and multimodal mobility demand sources, then reshapes and enriches this data to accelerate new service development. The platform provides deeper visibility and actionable insights for strategic data-driven decisions, supporting use cases such as emergency services, mapping, traffic management, EV management, and smart city solutions, while ensuring privacy compliance.

Strategic signal

In October 2023, otonomo was acquired by Urgently, marking a significant strategic shift for the company. This acquisition indicates a consolidation within the mobility services sector, positioning the combined entity to offer a more comprehensive suite of solutions by integrating otonomo's data platform with Urgently's services. For investors, this signals a successful exit for otonomo and a strengthened market position for Urgently in the evolving automotive and mobility technology landscape.

Company Intelligence Q&A

What was a significant recent corporate event for otonomo?

otonomo was acquired by Urgently in October 2023. This merger aimed to create a leading mobility services company.

When did otonomo complete its business combination with Urgently?

otonomo announced shareholder approval of its business combination with Urgently in September 2023, with the merger anticipated to close in October 2023.

Which company did otonomo acquire in April 2022?

In April 2022, otonomo acquired The Floow, a UK-based connected insurance company.

What was a key partnership announced by otonomo in January 2023?

In January 2023, otonomo was selected by Iteris to support traffic intelligence solutions for public sector and commercial enterprise markets.

What was otonomo's status on the NASDAQ stock exchange?

otonomo was delisted from NASDAQ in October 2023, following its acquisition by Urgently.