Otonomo Raises $25M Series B Round
Otonomo, a cloud-based platform that pulls together car manufacturers, app developers, and other service providers to leverage data generated from connected vehicles, has raised another $25 million in “strategic” funding. The round was led by automotive supplier Delphi Automotive, with participation from existing investors, including Bessemer Venture Partners, StageOne Ventures, and Maniv Mobility.
Founded out of Israel in 2015, Otonomo helps connect apps with millions of connected cars, making it easier to share and monetize data, while also giving drivers access to useful in-car services. It’s basically designed to save carmakers from having to negotiate deals with individual service providers, and it removes the complexity of building technical integrations between every car-type and app. Otonomo is a centralized marketplace, the glue that pulls data from cars together, bundles it, and helps sell it.
Please read more here.