Catch Up with Us
Al Chipmaker Hailo raises $136M
Congratulations to Hailo, our first unicorn!
Hailo raised $136 million in a Series C round of funding with a valuation of around $1 billion. In a world where companies are focusing their efforts on semi-autonomous vehicles, Hailo’s breakthrough microprocessors are uniquely designed to accelerate embedded AI applications on edge devices.
Cybellum has been acquired for $240M!
Congrats to Cybellum, FastLane batch #3 for been acquired by LG Electronics for $240M. The cybersecurity startup offers a risk assessment software that can scan software on vehicle components for vulnerabilities and risks.
Globes.com, August 12th, 2021
Voyage81 has been acquired for $40 million
Congrats to Voyage81 for a $40M acquisition by the tech-driven beauty brand, IL MAKIAGE 🎉
Voyage81, Drive TLV’s batch #4 alumni, has developed a software that generates so-called hyperspectral-imaging data from smartphone pictures.
EV growth propels Denso to close value gap with Honda and Ford
EVs will comprise 28% of new cars sold across the world in 2030, up from 4% in 2021, but gasoline-powered cars are still making up the majority of the market. DENSO is planning to smoothly navigate this transitional period in the auto industry.
The Holy Grail Of Electrification: The Humble Battery
Forbes is featuring Addionics which addresses the weakness in today's traditional architecture of batteries by replacing it with a smart 3D structure for all battery chemistry types, rather than just one, such as Lithium-ion.
CalcalistTech.com, March 18th, 2021
Arbe Robotics headed to Nasdaq via SPAC merger at a valuation of $723 million
Founded in 2015, Arbe developed the world’s first ultra-high resolution 4D Imaging Radar that has 12x better resolution than other radars currently in the market. Its technology can alert autopilot, or steering features of objects in the way in order to avoid them at the right moment.
Businesswire.com, February 16th, 2021
infiniDome Delivers GPS Monitoring and Protection Solution to Israel Railways
The project involves deployment by Focus Telecom of GPS repeaters at more than 30 railway stations across Israel, providing accurate, location-based service indoors at all locations for a new Israel Railways ticketing app
Forbes.com, September 15, 2020
BMW To Install Tactile Mobility Sensing Tech In Every Model, Brand
BMW Group has entered into an agreement with Tactile Mobility, DRIVE alumni. to install sensing software across its product line and brands that will provide information about road and vehicle conditions to increase performance and safety.
Calcalistech.com, June 15th, 2020
Israeli driver-awareness monitoring startup ADAM CogTech raises $2 million
ADAM CogTech's technology can identify a driver’s cognitive state; determine whether a vehicle operator is under the influence of drugs or alcohol and a driver’s reaction to light stimulation. Their technology is based on advanced research in the fields of brain science, artificial intelligence, and machine learning.
Calcalistech.com, May 18th, 2020
Tactile, DRIVE alumni's technology to be incorporated in Porsche's vehicles, increasing road grip and mobility
Tactile Mobility's technology to be incorporated in Porsche's vehicles, providing smart and autonomous vehicles with the missing tactile sensing and data that improves road grip and mobility.
Forbes, April 1st, 2020
Drive-By Heat Sensors by UVeye Could Help Detect Vehicle Occupants With COVID-19
UVeye says thermal sensors on its drive-through vehicle inspection stations can help detect drivers and passengers who may have a fever, providing a valuable heads up to health professionals.
Reuters, December 16th, 2019
Arbe, DRIVE alumni, raises $32 million in private funding round
Tel Aviv-based startup Arbe has developed a high-resolution radar chipset that it says is a game changer for the automotive industry. Now, with a fresh injection of $32 million in capital, it’s pushing to bring it into production
Autofleet raised $20M in Series B
Way to go autofleet for raising $20 million in your Series B! The AI-based fleet management platform, active in 12 countries and managing tens of thousands of vehicles, got the attention of Keyframe, Fujitsu, The Goodyear Tire & Rubber Company
Foretellix raises $32M Series B
The round was led by MoreTech Ventures, alongside strategic partners of Drive TLV - Volvo Group, and Next Gear Ventures. The company is experiencing a rapid increase in demand for its platform coming from leading OEMs and Tier1s developing ADAS and AV products, both on and off-road.
Waycare, reports great results at curbing traffic incidents on Southern Nevada roads.
Law enforcement and traffic agencies leveraged Waycare's AI-based traffic insights to deploy strategic police positioning and dynamic messaging signs, decreasing speeding drivers and reducing crashes.
Autofleet-ABeam partnership selected to manage Bluebird’s 23,000-vehicle fleet in Indonesia
By leveraging the Autofleet platform, Bluebird will be able to optimize its fleet’s vehicle placement, match and predict drivers based on demand forecasting to reduce empty rides, optimize allocation efficiency, and improve overall customer experience.
Globes.com, March 16th, 2021
RAVIN.AI raises ac$15 million series A led by KAR Global
Ravin, which was founded in 2018, provides automated artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance and remarketing customers worldwide
Calcalistech.com, February 2nd, 2021
CYE raises $120 million series A led by European VC giant EQT
Businesswire.com, December 2, 2020
Actasys announces $5M venture capital funding, round lead by Volvo Cars Tech Fund and Next Gear Ventures.
Actasys announces $5M venture capital funding to commercialize automotive sensor cleaning system. Volvo Cars Tech Fund and Next Gear Ventures lead the investment round.
Businesswire.com, June 10, 2020
DRIVE alumni and GPS Security Startup InfiniDome raises $1.6 Million
InfiniDome provides front-end cyber solutions protecting wireless communications from jamming and spoofing attacks. The investment will help strengthen protecting connected and AI-equipped driverless vehicles.
Midnight Robotics is acquired by Fieldin
Congratulations to our FastLane participant, Midnight Robotics (formerly SoftRide) on being acquired by Fieldin, which works to help farmers accelerate data collection and automation. Midnight, meanwhile, retrofits tractors and other farming equipment with lidar-based sensing technologies.
Tactile Mobility raised $27M in Series C
Congrats to Tactile Mobility for raising $27M in their Series C round from Porsche Ventures, Goodyear Ventures and more. Tactile Mobility entered Drive’s FastLane program in 2018 and has raised a total of $47 million since.
Waycare has been acquired for $61 million
Congrats to Waycare, for the $61M acquisition by US-based Rekor Systems. Waycare has developed an AI solution that aggregates and processes data from various sources to help government agencies with crash prediction, congestion detection, and incident management and identification.
The Times of Israel, May 23rd, 2021
Japan’s Mitsui insurance invests $36 million in Israel’s Upstream Security
Upstream offers cloud-based cybersecurity and machine learning and big data analytics for connected and autonomous vehicles. The collaboration will help the Japanese insurer use Upstream’s machine learning and analytics solutions to get insights from the mobility data for insurance purposes.
Businesswire.com, April 5th, 2021
InfiniDome announces the closure of a pre-series A round of $2.4 Million
InfiniDome, the world’s leading GPS Security Company, is closing a pre-series A round that includes investments from Next Gear Ventures, the lead investor which led infiniDome’s earlier seed funding round, along with Honeywell Ventures that joined this round of funding,
News.cision.com, March 2nd, 2021
Volvo Autonomous Solutions forms Partnership with Foretellix
Volvo Autonomous Solutions has signed an agreement with verification experts Foretellix to jointly address the challenges of large-scale verification of autonomous driving solutions on highways and confined areas, such as mines.
Ha'aretz.com, January 4, 2021
Arbe Eyes IPO at Valuation of Up to $450 Million.
Calcalistech.com, July 27, 2020
DRIVE alumni and Automotive cybersecurity startup Cybellum raises $12 million
Cybellum develops a system that provides original equipment manufacturers (OEMs) and Tier-1 suppliers with automatic software risk assessments through an agent-less and on-premise end-to-end program.
Calcalistech.com, July 7, 2020
DRIVE alumni's autonomous vehicle startup, VayaVision acquired by Canada’s LeddarTech
VayaVision, the startup that develops a data processing systems compatible with a variety of autonomous sensor systems, cameras and radars is acquired for an undisclosed amount.
TheJerusalemPost.com, June 10th, 2020
Upstream, DRIVE fastlaner, secures investment from cloud tech giant; Salesforce
The automotive data service start-up Upstream offers cloud-based data services for connected cars, including cybersecurity protection secured an investment from Salesforce Ventures.
Globes, April 16th, 2020
DRIVE alumni Autofleet: AI fleet optimization company raises $7.5m
Autofleet offers fleet owners and operators the tools to thrive and innovate in the new mobility landscape by automating fleet management for organizations including rental car companies, car sharing operators and car manufacturers to optimize existing business models and enable the launch of new mobility services.
Business Insider, January 6th, 2020
Valeo and Moodify, DRIVE alumni, collaborate to bring an end to car malador
Valeo and Moodify, an Israeli company that develops advanced scent solutions, are announcing their first collaboration. Together, they will bring to market a ground breaking solution to car malodor.
AutoMotive News, November 25th, 2019
Ottopia’s CEO and founder, explaining why countries are legalizing teleoperation.
Teleoperation enables a human operator to control vehicles from far away. In July, Florida became the sixth state to explicitly allow autonomous vehicle companies to use remote operators...