otonomo Overview
otonomo fuels a data ecosystem of OEMs, fleets, and more than 100 service providers spanning the transportation, mobility, and automotive industries. The company’s platform securely ingests more than 4 billion data points per day globally from over 50 million vehicles licensed on the platform along with massive amounts of mobility demand data from multimodal sources. It then reshapes and enriches the data to accelerate time to market for new services designed to improve the mobility and transportation experience. otonomo provides deeper visibility and actionable insights to empower strategic data-driven decisions, thereby taking the guesswork out of mobility and transportation planning, deployment, and operations. Privacy by design and neutrality are at the core of its platform, which enables GDPR, CCPA, and other privacy-regulation-compliant solutions using both personal and aggregate data. Its use cases include emergency services, mapping, traffic management, EV management, subscription-based services, micro-mobility, parking, predictive maintenance, insurance, media, in-vehicle services, and dozens of smart city solutions. otonomo was named a cool vendor in “Cool Vendors in Automotive and Smart Transportation, 2018” by the Gartner Research Group.
Cumulative Funding Raised Over Time ($)
$25.0MApr 2017
$71.0MApr 2020
$74.0MDec 2015
$77.0MFeb 2018
$77.0MJul 2022
$86.0MNov 2016
Latest News
Urgently Announces Anticipated Closing of Merger With Otonomo Technologies
Growth-Positive
Otonomo Announces Shareholder Approval of Business Combination with Urgently
Otonomo Technologies Ltd. has announced that its shareholders have approved a proposed business merger with Urgent.ly, Inc., a U.S.-based provider of digital roadside and mobility assistance technology and services. The merger is expected to be completed by the end of October 2023, with the combined company operating under the name Urgent.ly, Inc. and its common stock expected to be listed on The Nasdaq Stock Market LLC under the ticker symbol “ULY”. The merger is aimed at creating a new generation of mobility services.
Acquired-by
growth-negative
Otonomo Reports Second Quarter 2023 Financial and Operational Results
Otonomo Technologies Ltd has announced its financial and operational results for Q2 2023, revealing a revenue of $1.6 million compared to $1.9 million for Q2 2022. The company also completed a cost reduction initiative, which included sunsetting part of its connected vehicle data services and reducing its workforce. Additionally, Otonomo commenced an exchange offer and consent solicitation relating to its outstanding warrants and effected a 1-for-15 reverse share split of its ordinary shares. The company added 4 new customers in Q2 2023.
LayoffsPublic Trading
growth-positive
Otonomo Technologies Ltd. Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Warrants and Notice to Exercise Right to Exchange Remaining Outstanding Warrants
Otonomo Technologies Ltd. has announced the expiration and results of its exchange offer and consent solicitation for its outstanding public and private placement warrants. The company received valid tenders for approximately 63.7% of the outstanding public warrants and all of the outstanding private placement warrants. Otonomo expects to accept all validly tendered warrants for exchange and settlement. The company also executed a warrant amendment and will exchange all remaining untendered warrants for ordinary shares. The exchange is set to take place on September 7, 2023. Otonomos registration statement for the offer was declared effective by the SEC. Piper Sandler & Co. served as the sole Dealer Manager for the offer and consent solicitation.
Public Trading
growth-negative
Otonomo Technologies Ltd. Announces Extension of Exchange Offer and Consent Solicitation Relating to Warrants
Otonomo Technologies has announced an extension of the expiration date for its exchange offer and consent solicitation relating to its outstanding warrants. The offer, which was previously scheduled to expire on August 21, 2023, will now expire on August 22, 2023. The company is offering holders of its warrants the opportunity to exchange them for ordinary shares. The offer includes up to an aggregate of 230,877 ordinary shares in exchange for the warrants. Piper Sandler & Co. is serving as the Dealer Manager for the offer and consent solicitation.
Public Trading
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $341.1M |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 7 |
| Investors | 14 |
Team Members
2
Employees: 201-500
Locations
Abba Eban Blvd 16, Herzliya, Israel
2443 Fillmore Street, San Francisco, CA, USA
Westendstrae 28, Frankfurt am Main, Germany
Photos & Videos
3 item(s)
otonomo Business
Business models
B2G, B2B
Product stage
Released
Employees
201-500
Sector
Automotive & Mobility TechnologiesAutonomous & ConnectedTarget Customer
Industrial ManufacturingDiscrete IndustriesAutomotiveConsumersTransportation & MobilityDriversCore Technology
CommunicationsIOTData StorageCloudTags (17)
smart-mobilitysaasiotlocation-baseddriver-safetytransportationdriversfleet-managementautomotivecloud-basedvalue-added-servicessmart-cityoemconnected-vehiclesbig-dataconnectivityautonomous-vehiclesGeographic Markets
AmericasEuropeotonomo Financials
$341.1M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
7
Total rounds
14
Investors
Cumulative Funding Raised Over Time ($)
$25.0MApr 2017
$71.0MApr 2020
$74.0MDec 2015
$77.0MFeb 2018
$77.0MJul 2022
$86.0MNov 2016
Private Equity Funding
PIPE
Jul 2022
Undisclosed
Mithaq Capital
C Round
Apr 2020
$46M
SK Ventures, Bessemer Venture Partners, Alliance Ventures, Avis Budget Group, Vintage Investment Partners
Undisclosed Round
Feb 2018
$3M
NTT DOCOMO Ventures
B Round
Apr 2017
$25M
Hearst Ventures, Delphi Technologies, StageOne Ventures, Cerca Partners, Dell Technologies Capital, Bessemer Venture Partners, Maniv Mobility
A Round
Nov 2016
$9M
Maniv Mobility, Bessemer Venture Partners, LocalGlobe, StageOne Ventures, Cerca Partners
Seed
Dec 2015
$3M
StageOne Ventures (Lead)
,
LocalGlobe, Maniv Mobility, Cerca Partners, Bessemer Venture Partners
Public Offering / Exit
DelistingEvent
Oct 2023
Undisclosed
MNAEvent
Oct 2023
Undisclosed
SpacEvent
Aug 2021
Undisclosed
Mergers & Acquisitions
MNAEvent
Apr 2022
Undisclosed
MNAEvent
Oct 2021
$50M
otonomo Lifecycle
Cumulative Funding Raised Over Time
$25.0MApr 2017
$71.0MApr 2020
$74.0MDec 2015
$77.0MFeb 2018
$77.0MJul 2022
$86.0MNov 2016
All Events
PIPE
Jul 2022
Undisclosed
Mithaq Capital
C Round
Apr 2020
$46M
SK Ventures, Bessemer Venture Partners, Alliance Ventures, Avis Budget Group, Vintage Investment Partners
Undisclosed Round
Feb 2018
$3M
NTT DOCOMO Ventures
B Round
Apr 2017
$25M
Hearst Ventures, Delphi Technologies, StageOne Ventures, Cerca Partners, Dell Technologies Capital, Bessemer Venture Partners, Maniv Mobility
A Round
Nov 2016
$9M
Maniv Mobility, Bessemer Venture Partners, LocalGlobe, StageOne Ventures, Cerca Partners
Seed
Dec 2015
$3M
StageOne Ventures (Lead)
,
LocalGlobe, Maniv Mobility, Cerca Partners, Bessemer Venture Partners
DelistingEvent
Oct 2023
Undisclosed
MNAEvent
Oct 2023
Undisclosed
SpacEvent
Aug 2021
Undisclosed
MNAEvent
Apr 2022
Undisclosed
MNAEvent
Oct 2021
$50M
otonomo News
57 articlesUrgently Announces Anticipated Closing of Merger With Otonomo Technologies
Growth-Positive
Otonomo Announces Shareholder Approval of Business Combination with Urgently
Otonomo Technologies Ltd. has announced that its shareholders have approved a proposed business merger with Urgent.ly, Inc., a U.S.-based provider of digital roadside and mobility assistance technology and services. The merger is expected to be completed by the end of October 2023, with the combined company operating under the name Urgent.ly, Inc. and its common stock expected to be listed on The Nasdaq Stock Market LLC under the ticker symbol “ULY”. The merger is aimed at creating a new generation of mobility services.
Acquired-by
growth-negative
Otonomo Reports Second Quarter 2023 Financial and Operational Results
Otonomo Technologies Ltd has announced its financial and operational results for Q2 2023, revealing a revenue of $1.6 million compared to $1.9 million for Q2 2022. The company also completed a cost reduction initiative, which included sunsetting part of its connected vehicle data services and reducing its workforce. Additionally, Otonomo commenced an exchange offer and consent solicitation relating to its outstanding warrants and effected a 1-for-15 reverse share split of its ordinary shares. The company added 4 new customers in Q2 2023.
LayoffsPublic Trading
growth-positive
Otonomo Technologies Ltd. Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Warrants and Notice to Exercise Right to Exchange Remaining Outstanding Warrants
Otonomo Technologies Ltd. has announced the expiration and results of its exchange offer and consent solicitation for its outstanding public and private placement warrants. The company received valid tenders for approximately 63.7% of the outstanding public warrants and all of the outstanding private placement warrants. Otonomo expects to accept all validly tendered warrants for exchange and settlement. The company also executed a warrant amendment and will exchange all remaining untendered warrants for ordinary shares. The exchange is set to take place on September 7, 2023. Otonomos registration statement for the offer was declared effective by the SEC. Piper Sandler & Co. served as the sole Dealer Manager for the offer and consent solicitation.
Public Trading
growth-negative
Otonomo Technologies Ltd. Announces Extension of Exchange Offer and Consent Solicitation Relating to Warrants
Otonomo Technologies has announced an extension of the expiration date for its exchange offer and consent solicitation relating to its outstanding warrants. The offer, which was previously scheduled to expire on August 21, 2023, will now expire on August 22, 2023. The company is offering holders of its warrants the opportunity to exchange them for ordinary shares. The offer includes up to an aggregate of 230,877 ordinary shares in exchange for the warrants. Piper Sandler & Co. is serving as the Dealer Manager for the offer and consent solicitation.
Public Trading
Otonomo Announces Fourth Quarter and Full Year 2022 Financial Results
growth-negative
Urgent-ly buys Israeli co Otonomo at 94% below IPO valuation
US mobility and roadside assistance tech company Urgent.ly has acquired Israeli car data services platform company Otonomo. Otonomo listed on Nasdaq 18 months ago following a SPAC merger at a company valuation of $1.26 billion but has since lost 94% of its value. Otonomo will become a subsidiary of Urgent.ly, and Urgent.ly will list on Nasdaq after the merger. Otonomos current market cap is $70 million. Urgent.ly has raised $130 million in financing rounds from investors such as BMW, Jaguar, and Porsche. Otonomos revenue for the first nine months of 2022 was $4.9 million, with an operating loss of $41.6 million. The merger aims to provide new solutions for customer safety, security, and accessibility in the mobility industry.
AcquisitionPublic TradingManagement Changes
Growth-Positive
Otonomo and Urgently to Combine to Create Leading Mobility Services Company
Otonomo Technologies Ltd. and Urgent.ly, Inc. have announced their intention to merge in an all-stock transaction. The merger has been approved by the board of directors of both companies and is expected to close in the third quarter of 2023. The combined company will focus on creating an end-to-end platform for a new generation of mobility services and experiences for automotive OEM, insurance, transportation, rental and fleet partners and their customers. Post-closing, Otonomo will be a wholly owned subsidiary of Urgently.
Acquired-byManagement Changes
MICHELIN DDi Selects Otonomo to Advance Road Safety Solutions
Otonomo to Announce Fourth Quarter and Full Year 2022 Financial Results on February 15
Otonomo to Enhance Global Mapping Products and Services in Microsoft Maps
Otonomo Selected by Iteris to Support Traffic Intelligence Solutions for Public Sector and Commercial Enterprise Markets
Otonomo to Participate at the 25th Annual Needham Growth Conference
growth-negative
Otonomo ousts almost 50% of its remaining workforce | CTech
Israeli autotech company Otonomo is laying off almost 50% of its remaining workforce. The company will be embarking on its second round of layoffs, including around 80 employees. The layoffs will affect a majority of the companys remaining 100 employees in Israel, including the team acquired from Neura. Otonomo raised $255 million in its SPAC merger but recorded revenues of only $2 million in the third quarter of the year.
Layoffs
Otonomo Partners With Renault Group for Fleet Modernization
Otonomo Delivers New Fleet Product Enhancements to Streamline User Experiences
Otonomo Announces Third Quarter 2022 Results
growth-negative
Otonomo in talks to merge with UK auto-tech rival Wejo
Otonomo Technologies, an Israeli auto-tech company, is in talks with its UK rival Wejo Group about a possible merger. If completed, Otonomo would be valued at $150 million, significantly lower than its previous valuation of $1.26 billion. Both companies have lost most of their value since completing SPAC mergers last year. The merger would create a company with a stronger balance sheet and a larger market presence, addressing a market expected to be worth $61 billion in 2030. Otonomo reported revenue of $2 million in the third quarter of 2022, compared to $161,000 in the same quarter of 2021. However, its losses have widened. Wejo reported revenue of $2.1 million in the first half of 2022 and a loss of $95.7 million. The date of the article is November 16, 2022.
AcquisitionPublic Trading
Otonomo Partners With Leading Global Consulting Firm to Improve Traffic Management and Road Safety
Otonomo Selected by PREDIK Data-Driven to Power Competitive Intelligence Solutions
Otonomo to Announce Third Quarter 2022 Financial Results on November 16
Otonomo Wins Top Recognition from 2022 AutoTech Breakthrough Awards for “Fleet Management Innovation of the Year”
growth-positive
Otonomo Strengthens Partnership With SAP by Integrating Its Smart Mobility Data Platform With SAP Digital Vehicle Hub
Otonomo Technologies Ltd. has announced the integration of its Smart Mobility Data Platform with SAP Digital Vehicle Hub. The integration will enable businesses to derive new insights for fleet management and maintenance based on connected vehicle data, drive future mobility business models, and generate new value and revenue streams. The Otonomo platform delivers clean, normalized, embedded vehicle data collected from multiple OEMs, and its integration with SAP Digital Vehicle Hub will further enable the utilization of connected vehicle data.
Partners
Otonomo to Participate at UBS Future of Electric Mobility Virtual Conference
The Floow Announces Next-Generation Connected Insurance Technology that Brings Together Smartphone and Connected Vehicle Data
growth-positive
Otonomo Joins Salesforce in Dreamforce Panel Session on Powering New Revenue Streams Through Connected Vehicle Data
Otonomo Technologies Ltd., a platform powering the mobility economy, announced that its Chief Revenue Officer, Anders Truelsen, will participate in a panel discussion at Dreamforce 2022. The panel will discuss how to drive new auto revenue streams through connected vehicles. Otonomo has also unveiled new fleet mobility capabilities on the Salesforce AppExchange. The Otonomo App provides customers with new ways to unlock access to accurate mobility data for single vehicles as well as entire fleets using Salesforce Sales Cloud and Service Cloud.
Partners
Otonomo CEO and Co-founder Ben Volkow to Discuss How Big Data Will be the Catalyst for the Mobility Economy at ITS World Congress in Los Angeles
Otonomo to Present at Evercore ISI Technology Conference in NYC
growth-negative
Otonomo to lay off dozens of employees after losing over 90% of value | CTech
Israeli autotech company Otonomo, which went public via a SPAC merger at a value of $1.26 billion, has seen its market cap plummet to $62 million. The company is expected to lay off dozens of employees and has received a non-compliance letter from Nasdaq regarding the possible delisting of its shares. Otonomos business results have been negative, with revenues and profitability far below forecasts. The company raised $255 million in its SPAC merger, but only $169 million remains in its account. Otonomo acquired two companies, Neura and Floow, for generous sums since the IPO, which contributed to its revenues. However, the acquisitions also led to a larger workforce. Otonomos largest shareholder is the Saudi investment fund MITACH. It is suggested that the company should return to private ownership and delay an IPO.
Layoffs
growth-negative
Otonomo Reports Second Quarter 2022 Financial Results
Otonomo Technologies Ltd announced its Q2 2022 financial results, reporting a total revenue of $1.9 million, up from $0.3 million in Q2 2021. However, the company also reported a GAAP operating loss of $65.6 million, including an impairment charge of $45.8 million, compared to a loss of $5.6 million in Q2 2021. The company also completed the acquisition of The Floow, a SaaS provider of connected insurance technology. Despite the financial loss, the company added 13 new customers in Q2 2022 and saw its recurring revenue grow nearly 10X quarter over quarter.
InvestmentAcquisitionCustomers
growth-positive
Geograma Selects Otonomo to Help Advance Road Safety in Spain
Otonomo Technologies has been awarded a multi-year contract by Geograma to provide connected vehicle data for road safety in Spain. Geograma will integrate the data into its traffic platform and develop new road safety applications. The data includes hazard events and road friction data, which will enhance Geogramas existing capabilities for historical analytics and real-time services. Otonomos Smart Mobility Data Platform provides a range of mobility data solutions that can be used to improve traffic flows, manage emissions, enhance road safety, and support infrastructure and transportation developments. The partnership with Geograma allows Otonomo to provide rich, multi-layered connected vehicle data that was previously unavailable to Geogramas customers.
Partners
growth-negative
Saudi investor becomes largest shareholder in Otonomo
Mithaq Capital has increased its stake in Otonomo Technologies to 20.4%. Otonomos share price has fallen 90% since its SPAC merger. Mithaq is now a party at interest in Otonomo and may increase or reduce its stake. Otonomos market cap is $93 million, lower than its cash reserves of $197 million. Mithaq Capital is also a major shareholder in Tremor International.
Investment
growth-positive
Otonomo Completes Acquisition of The Floow
Otonomo Technologies has completed its acquisition of The Floow, a UK-based SaaS provider of connected insurance technology. The acquisition brings complementary solutions, customers, and markets to Otonomo. The Founder and CEO of The Floow, Aldo Monteforte, will join Otonomos management team. The combination of The Floows portfolio and Otonomos connected car platform strengthens their ability to offer intelligent and connected solutions in the global data mobility market.
Acquisition
growth-positive
Otonomo buys UK connected insurance co The Floow
Israeli vehicle data platform Otonomo has entered into a definitive agreement to acquire The Floow, a UK-based company, in a cash and stock deal worth $69 million. The acquisition will enable Otonomo to offer connected insurance solutions powered by a full spectrum of data sources. The Floow is a SaaS provider of connected insurance technology and its integration with Otonomos mobility intelligence platform will create safer, greener, and smarter driving experiences. The acquisition is subject to approval by UK regulators and is expected to close in the second quarter of 2022.
Acquisition
growth-positive
"אנחנו מוציאים תובנות ממידע שמגיע ממכוניות, כדי לשפר את המצב בכביש" כלכליסט
Otonomo, a data analysis company, aims to improve transportation and infrastructure by extracting insights from car data. The company receives various parameters related to road conditions, weather, and real-time accident detection from cars, and uses this data to enhance traffic conditions. Otonomo has partnerships with major car manufacturers such as Ford, Mercedes, and Toyota. The companys data platform is utilized by government agencies, private organizations, and commercial entities to improve mobility intelligence. Otonomo recently found a complementary company, Neura, in Herzliya, which helps process and share the collected data with various entities, including transportation authorities and energy companies like Shell and ENEL. Otonomos goal is to make car data accessible and useful for improving driving experiences and efficiency.
CustomersPartners
growth-positive
Smart car data co Otonomo buys behavior analytics co Neura
Israeli vehicle data connected car platform Otonomo Technologies has acquired behavior analytics and mobility intelligence company Neura. The financial details of the acquisition were not disclosed, but sources estimate that Otonomo is paying $50 million in cash and shares for a full equity stake in Neura. Otonomo plans to leverage Neuras advanced analytics and diverse data to expand its mobile intelligence platform. The acquisition reinforces Otonomos leadership in the mobility, transportation, and automotive data space. Otonomo aims to provide actionable insights for transportation planners, EV service providers, MaaS providers, fleets, and others. The companys share price rose 1.63% on Nasdaq following the announcement.
Acquisition
growth-positive
Auto-tech co Otonomo completes $1.26b SPAC merger
Israeli auto-tech company Otonomo has completed its SPAC merger with Software Acquisition Group Inc. II and will begin trading on Nasdaq as Otonomo Technologies Ltd. The merger was completed at a company valuation of $1.26 billion. Otonomo has raised $255.1 million, including investments from institutional investors and strategic investors. Otonomos data platform is linked to 40 million connected cars and is used for emergency services, mapping, parking, and predictive maintenance. The companys partners include BMW, Daimler, Mitsubishi Motors, and Mercedes-Benz. Otonomo aims to leverage its public trading status to enhance relations with clients and continue positively impacting the driving experience.
Public TradingInvestment
growth-positive
Otonomo, Henshin and wefox Collaborate to Empower Fleet Insurance Innovations
Otonomo Technologies has formed a strategic relationship with Henshin Group and wefox to generate vehicle data sets for insurance, rental, and leasing services. Otonomos mobility intelligence platform, combined with MOVENS technology and wefoxs Mobility HUB platform, will create new business use cases and enable the development of new fleet vehicle insurance scenarios. The collaboration aims to overcome challenges in telematics-based insurance programs and provide real-time datasets for tailored insurance offers. The partnership will help wefox become the hub of insurance services in Smart Cities. Otonomo and MOVENS are part of the Veos Group, while wefox is Europes largest digital insurer.
Partners
growth-positive
Software Acquisition Group Inc. II Announces Filing of Registration Statement on Form F-4 by Otonomo Technologies Ltd. in Connection With Its Proposed Business Combination with Otonomo
Software Acquisition Group Inc II has announced a proposed business combination with Otonomo Technologies Ltd. Otonomo has filed a registration statement with the SEC in connection with the business combination. Institutional investors, including Fidelity Management & Research Company LLC and BNP Paribas Asset Management Energy Transition Fund, have committed to a primary and secondary private investment of $172.5 million in ordinary shares of Otonomo. The transaction is expected to result in over $307 million in cash. The completion of the transaction is subject to approval by Software Acquisition Group stockholders and other customary closing conditions. The business combination is expected to be completed in the second quarter of 2021.
AcquisitionInvestmentPublic Trading
growth-positive
Otonomo merges with Nasdaq-listed SPAC at $1.4b valuation
Israeli auto-tech company Otonomo is merging with Software Acquisition Group Inc. II and will trade on Nasdaq under the OTMO ticker. The deal values Otonomo at $1.4 billion and will be completed in Q2 2021, with a net injection of $280 million into the company. The gross amount being raised by Otonomo is $345 million, half of which is coming from Software Acquisition Group and the other half from a share offering led by institutional and strategic investors. Otonomos employees will also sell shares worth $30 million and will hold a 72% stake in the company post-deal.
Acquired-byInvestmentPublic Trading
growth-positive
Israeli Startup Otonomo Nearing Merger With Software SPAC
Israeli startup Otonomo is in talks to go public through a merger with Software Acquisition Group Inc. II. The SPAC is in talks to raise new equity to support the transaction. Otonomo operates a data platform linked to millions of connected cars and takes over 4 billion data points per day. The companys partners include BMW, Daimler, Mitsubishi Motors, and Mercedes-Benz. Otonomo was valued at about $465 million after its last funding round. Software Acquisition Group raised $172.5 million in an IPO and focuses on software companies.
Public TradingInvestmentAcquisition
growth-positive
Israel-based Otonomo signs data-sharing collaboration with Fiat Chrysler
Otonomo Technologies has signed a commercial agreement with Fiat Chrysler Automobiles (FCA) to increase the use of vehicle data. The agreement is estimated to be worth tens of millions of dollars. Otonomo already has contracts with various car companies and positions itself as a global leader in vehicle information processing. Under the agreement, Otonomo will receive de-identified, aggregated data from FCA connected vehicles in Europe to deliver new use cases. Otonomo has raised a total of $82 million in funding, including a $46 million series C round participated in by SK Holdings, Avis Budget Group, Alliance Ventures, and Bessemer Venture Partners.
PartnersInvestment
growth-positive
Otonomo Raises $46M in Series C Funding to Expand Its Automotive Data Services Platform
Otonomo, the automotive data services platform, has announced $46 million in series C funding. The funding round includes investments from SK Holdings, Avis Budget Group, and Alliance Ventures, bringing the companys total funding raised to $82 million. Otonomo plans to use the funds to scale its R&D, build customer support resources, and expand globally. The company is currently onboarding seven new OEMs and ingesting over 2.6 billion data points a day. Otonomos platform securely ingests automotive OEM data and reshapes it for various applications and services. The company has partnerships with over 25 automotive OEMs, including Daimler, BMW, and Mitsubishi Motor Company. The funding will enable Otonomo to further innovate its products and solidify its leadership position in the market.
InvestmentExpand
growth-positive
Otonomo Expands Its Ecosystem for Connected Car Data Utilization
Otonomo is expanding its platform to increase the utilization of crowd data from BMW and MINI connected vehicles. The company aims to reduce city congestion and improve the driving experience through innovative use cases. The Otonomo Automotive Data Services Platform reshapes and enriches the data to make it more valuable for application and service providers. Use cases include parking availability, urban planning, real-time intelligence, hazard warning services, mapping services, and municipal maintenance. The expansion of the ecosystem with crowd data from BMW and MINI vehicles is seen as a positive growth for Otonomo.
PartnersCustomers
growth-positive
Mitsubishi Enters Commercial Agreement With Car Data Broker Otonomo
Otonomo Technologies has entered a commercial agreement with Mitsubishi Motors to integrate its data collection and distribution technology into Mitsubishi vehicles. This will allow smart cars to share data with third-party services and application providers. Otonomo acts as a middleman between carmakers and third-party companies, monetizing the data collected by smart cars. The financial terms of the agreement were not disclosed.
Partners
growth-positive
Otonomo Reaches the 18 Million Car Mark
Otonomo, an Automotive Data Services Platform, has announced that it now offers car data attributes from 18 million cars globally. The data is aggregated from multiple OEMs, TSPs, and Fleets and is used by app and service providers for a variety of use cases. The company recently announced a partnership focused on smart city, mapping, parking, and traffic planning. Otonomos vision is to make car data valuable for drivers and the public, aiming to create smarter cities and happier drivers.
PartnersExpand
growth-positive
Avis Partners with Start-up Otonomo to Explore "Data for Good" Opportunities - Auto Futures
Avis Budget Group has partnered with Otonomo, an Israeli data services start-up, to gain new insights from its connected cars and improve customer satisfaction. The partnership will help Avis reduce costs and securely engage with new partners. The collaboration aims to shape the future of mobility and explore opportunities for smart cities, predictive maintenance, streamlined rental car returns, and more efficient driving.
Partners
growth-positive
Chasing the data storm
The article discusses the growing trend of data sharing in connected cars and its potential benefits and challenges. Companies like Amazon, Otonomo, Daimler, GM, Volvo, MDGo, and Waycare are leveraging vehicle data to offer new services, enhance customer experience, and improve road safety. However, the success of these initiatives depends on customers willingness to share their data. While there are concerns about privacy, a survey by Otonomo found that 77% of car owners trust automakers with their data. The global market for sales of data from connected cars is expected to surpass $1 billion by 2023.
CustomersPartnersInvestment
growth-positive
Daimler to Integrate Otonomo's Data Collection Technology in Mercedes-Benz Connected Cars
Daimler AG has partnered with Otonomo Technologies Ltd. to integrate data gathering technology into Mercedes-Benz connected cars, offering users customized services such as usage-based insurance policies and on-demand fueling or charging. Otonomo has raised a total of $43 million in equity funding, with investors including NTT Docomo Ventures Inc., Delphi Automotive PLC, Hearst Ventures, and Dell Technologies Capital.
Partners
growth-positive
Otonomo Announces the Anonymization Engine
Otonomo has announced the launch of its Anonymization Engine, a service designed to protect driver data while simplifying anonymous automotive data integration for app developers and service providers. The engine allows OEMs to maintain driver privacy and comply with regulations such as GDPR, while app and service providers gain access to valuable, anonymized data for various use cases. The Anonymization Engine utilizes sophisticated techniques to provide robust data privacy safeguards while preserving the commercial value of the data. Otonomo aims to redefine how automotive data creates value for drivers and the mobility community. The engine is available as an embedded service within the Otonomo Automotive Data Services Platform or as an on-premise managed service for OEMs.
Customers
growth-positive
Bright Box partners with Otonomo to deliver connected car applications and services for truly rewarding driving experiences IoT Now News & Reports
Bright Box, a global vendor of solutions and platforms for the connected car industry, has signed a partnership agreement with Otonomo, a U.S.-Israeli automotive data services platform company. The partnership will provide opportunities to connect millions of vehicles to innovative services and applications. As part of the collaboration, Bright Boxs AI-first Connected Car Platform, Remoto, will connect to Otonomos data services platform to offer services such as emergency services, parking location, predictive maintenance, and insurance services. A recent consumer study revealed that 95% of consumers who own connected cars are interested in these services. Bright Box has accumulated a strong data set from its connected car units, which will be utilized on the Otonomo platform. The partnership aims to deliver value to drivers and expand Otonomos automotive data services platform.
Partners
Otonomo Announces The Consent Management Hub
growth-positive
Cool Vendors in Automotive and Smart Transportation
The article discusses the automotive sector and highlights startups that are pushing the edge of artificial intelligence, IoT, and data monetization. It suggests that CIOs in the automotive and smart mobility industry should look to acquire or partner with these companies. The article is a part of Gartner Research, which provides trusted insights for executives and their teams. It emphasizes Gartners independence, objectivity, and actionable insights. The article does not mention any specific company or event.
growth-positive
Japan's NTT Invests $3 Million in Car Data Broker Otonomo
Otonomo Technologies Ltd., an Israel-based startup that offers technology to monetize the data collected by cars, has received a $3 million investment from NTT Docomo Ventures Inc. This investment follows the startups previous $25 million funding round led by Delphi Automotive PLC. Otonomo acts as a middleman between connected cars and potential buyers, such as insurers and marketers, allowing them to purchase data. Several insurance companies are already buying data on Otonomos exchange, and the company is conducting pilot programs with 10 car companies and 11 automotive firms. Otonomo has raised a total of $41 million in equity funding since its founding in 2015.
Investment
growth-positive
Startup Otonomo Aims to Monetize Connected Car Data
Israeli startup Otonomo, a cloud-based data exchange platform, has secured a $25 million Series B funding round led by Delphi, one of the worlds largest automotive suppliers. The funding will be used to accelerate Otonomos global expansion plans. The company enables car manufacturers, drivers, and service providers to be part of a connected ecosystem, monetizing the data generated by connected cars. Otonomo is currently working with nine automakers worldwide and has raised a total of $40 million in funding. The growing appetite for vehicle driving data is driving the companys success.
InvestmentPartners
growth-positive
Otonomo raises $25M to help automakers make money from connected cars
Israeli startup Otonomo has raised a $25 million Series B funding round led by Delphi, a leading automotive supplier. The funding will be used to accelerate Otonomos global expansion plans. The companys platform connects car manufacturers and drivers with service providers, allowing for the monetization of driving data. Otonomo already has nine automaker clients, including Daimler. The growing appetite for driving data and the potential for data monetization in the automotive industry has attracted strategic investors and funding for Otonomo. However, privacy regulations and increased restrictions on data usage may pose challenges in the future.
InvestmentPartners
growth-positive
Cloud-based connected car startup Otonomo raises $12 million
Otonomo, a self-driving car startup, has closed a $12 million series A round led by Bessemer Venture Partners and Stageone Ventures. The companys cloud-based platform connects service providers and app developers with millions of connected cars, allowing car manufacturers to share and monetize car data while offering drivers access to additional in-car services. Otonomo plans to use the funding to expand and scale its service as it prepares for the increasing number of connected vehicles on the road. The article also mentions other investments in the connected car and autonomous vehicle industry.
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otonomo Team
Avner Cohen
Co-founder
Founder
Employee Info
| Employees (range) | 201-500 |
| Exact count | 237 |
| Team members | 2 |
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otonomo Internal
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Admin Info
| Confidence | 89/100 |
| Missing | homepage, markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515352813 |
| Crunchbase | otonomo |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-12-26T00:00:00.000Z |
| Created | 2016-01-19T00:00:00.000Z |
| Status detail | Acquired by Urgently on Oct, 2023 |