Tactile Mobility, a Haifa, Israel-based tactile virtual sensing and data company, secured funding from Nexteer Automotive and The Group Ventures.
The investment acts as an extension to the previous $9 million round led by Porsche, and as a bridge to the next round of funding and brings total funding in the company to over $20M.
The company plans to utilize the funds to support demand for its sensing technology and data offerings, expand its go-to-market operations, and strengthen its traction among vehicle manufacturers, insurers, tire manufacturers and more across the US, Europe, and Asia.
Co-founded in 2012 by Boaz Mizrachi, Yossi Shiri, and Alex Ackerman, Tactile provides a software platform that collects first-order data using vehicles’ built in, non-visual sensors including wheel speed, wheel angle, RPM, paddles position, gear position, and then analyzes it to yield actionable insights in real-time. These insights provide an accurate description and analysis of the continually evolving state of vehicles, roads, and vehicle-road dynamics. The data insights are valuable across many sectors due to their availability, accuracy, and quality – from road planning and management, tracking tire conditions and ware, and even for insurance purposes.
Tactile Mobility has executed partnerships with 10 road authorities and municipalities across the globe, including in the UK, Germany, Israel, Singapore, and Detroit as well as 6 vehicle manufacturers (including BMW and Porsche).