Tactile Mobility, a Haifa, Israel-based tactile data and virtual sensing technology company, raised $27m in Series C funding.
The round, which brought total funding to $47m, was led by Delek Motors, with participation from strategic investment from Goodyear Ventures and Porsche Ventures, and supported by Union Group, The Group Ventures, Zvi Neta (AEV), Giora Ackerstein, and Doron Livnat.
The company intends to use the funds to expand adoption of its sensing technology and data offerings, grow into new segments among vehicle manufacturers, tier-1’s, insurers, tire manufacturers and more, and deepen its offerings, including additional virtual sensors and the cloud platform.
Co-founded in 2012 by Boaz Mizrachi, Yossi Shiri and Alex Ackerman, Tactile Mobility is a world leader in software-based tactile sensing and data solutions working with road authorities and municipalities across the globe including in the the UK, Germany, Israel, Singapore, and US. The company also partners with vehicle manufacturers including BMW to provide their next generation vehicles with the sense of “touch” that will enable them to offer an enhanced driving experience.
The solutions are comprised of its in-vehicle software only module residing on one of the vehicle’s computers and its cloud-based system. The software collects first-order data — including wheel speed, wheel angle, RPM, pedals position, gear position — from vehicles’ built-in non-visual sensors and analyzes it to yield actionable insights in real-time. These insights provide an accurate description and analysis of the continually evolving state of the vehicle, roads, and vehicle-road dynamics.