Commsignia, a V2X solutions provider, recently announced the closing of a $11 million fundraising round.
The funding was led by Karma Ventures and the Samsung Catalyst Fund, together with Partech, Inventure, and existing investors Credo Ventures and Day One Capital. The company plans to use this funding to strengthen its R&D capabilities and team for customer engagements to remain at the forefront of V2X innovations.
The company develops automotive OEM integrated software that supports functions related to V2X connectivity, security and applications, as well as aftermarket onboard unit (OBU) and roadside unit (RSU) systems for various smart city use cases. The company is also providing communication network for the next-generation autonomous car and smart mobility ecosystem, offering cutting-edge vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication technologies.
It is a preferred partner of several automotive suppliers and is part of the largest urban V2X infrastructure deployment, which covers, over 100 intersections in Las Vegas. Additional deployments using the company’s solutions are operating in the US, in Asia, and in Europe. Commsignia is also certified by the OmniAir organization’s commercial, connected-vehicle certification conformance program.
Source: Press Release