SANTA CLARA, California, United States and BUDAPEST, Hungary, August 15, 2019 - Commsignia, Inc., a Santa Clara, CA-based provider of V2X (Vehicle-to-Everything) solutions, closed an $11m funding round.
The round was led by Karma Ventures and the Samsung Catalyst Fund, with participation from Partech, Inventure, and existing investors Credo Ventures and Day One Capital.
The company intends to use the funds to strengthen its R&D capabilities and team for customer engagements.
V2X is the base technology for creating Cooperative Intelligent Transport Systems (C-ITS), which improves road safety and traffic efficiency by using remote sensor data from other vehicles, infrastructure cameras and other sources to allow cars to see beyond their line of sight. V2X technologies enable drivers as well as self-driving vehicles to make safety decisions on the spot.
Led by Jozsef Kovacs, CEO, Commsignia provides communication network vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) solutions for the next-generation autonomous car and smart mobility ecosystem. Its technologies connect vehicles with each other and the smart city infrastructure to enable autonomous vehicle functions while making everyday driving safer and more efficient.
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. Commsignia is a 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, Asia and Europe.
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