DriveU.auto, a Kfar Saba, Israel-based developer of a connectivity platform for autonomous vehicle teleoperation, raised $4M in funding.
The round was led by Zohar Zisapel, Two Lanterns Venture Partners, Yigal Jacoby, Kaedan Capital, and other private investors, all of whom joined existing shareholder Francisco Partners.
The company intends to use the funds to accelerate the deployment of its platform.
Led by CEO Alon Podhurst, DriveU.auto provides a mission-critical teleoperation-enabling connectivity platform for multiple use cases of autonomous technology, including robotaxis, autonomous trucks, delivery drones, and more. platform overcomes unpredictable network behavior, including choppy uplink throughput, delay, jitter, and packet loss. It works over multiple networks in parallel using patented cellular bonding technology, dynamic 4k video encoding and advanced algorithms that enable adaptation to changing networks’ conditions in real-time. DriveU.auto is based on technology developed by LiveU, the world leader in cellular-based field video transmission, deployed by more than 3,000 customers worldwide.
FinSMEs
25/06/2020