otonomo, a Herzeliya Pituach, Israel-based provider of a data exchange platform and marketplace for the automotive industry, closed a $25m series B funding round.
The round was led by Delphi Automotive with participation from Bessemer Venture Partners, StageOne Ventures and Maniv Mobility.
The company intends to use the funds to continue developing its current offerings, as well as to expand globally into the U.S., Asian, and European markets.
Led by Ben Volkow, Co-Founder and CEO, otonomo provides car manufacturers, drivers and service providers with a cloud-based solution that connects millions of cars to hundreds of services and applications, enabling exchange of car data, as well as new business opportunities.
The company also has offices in Menlo Park, CA.