Otonomo raises $46 million to expand its automotive data marketplace

Otonomo raises $46 million to expand its automotive data marketplace

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/05/01/otonomo-raises-46-million-to-expand-its-automotive-data-marketplace/

New vehicles today can produce a treasure trove of data. Without the proper tools, that data will sit undisturbed, rendering it worthless.

A number of companies have sprung up to help automakers manage and use data generated from connected cars. Israeli startup Otonomo is one such player that jumped on the scene in 2015 with a cloud-based software platform that captures and anonymizes vehicle data so it can then be used to create apps to provide services such as electric vehicle management, subscription-based fueling, parking, mapping, usage-based insurance and emergency service.