Excelfore has announced that is has received investments from Molex and HELLA, two major names in the automotive ecosystem.
This is the first time that HELLA, through its Venture Capital arm HELLA Ventures, has invested in Excelfore, following previously announced cooperation on bi-directional OTA software updating and data gathering for automotive components. Molex also invested in the Excelfore Series A round of funding, which was announced in January 2017.
Headquartered in Silicon Valley, Excelfore is driving smart mobility with innovative middleware for in-vehicle and vehicle-to-cloud networks, which is embedded into leading products such as the Molex automotive network platform. Excelfore’s software enables automotive OEMs and manufacturers to build the next generation of connected cars.
HELLA has recently demonstrated using eSync to provide features-on-demand, for example providing car owners the ability to choose new advanced lighting features to be installed on their vehicles on a trial or permanent basis.
Molex has leveraged Excelfore’s eSync capabilities in conjunction with Molex 10Gbps Automotive Ethernet development to enable pushing software updates across a flexible high-speed vehicle network, and to enable pulling data for diagnosing and tracking vehicle status. The combined system helps enable a more flexible and dynamic vehicle platform that provides next generation performance while supporting a wide range of hardware, including sensors, cameras, video displays, ECUs and network gateways.
Source: Press Release