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27 03 2017 02

Autotalks, an Israeli supplier of vehicle to vehicle (V2V) communication for enhancing road safety, stated on Wednesday it raised $30 million in a late-stage financing round, giving $70 million its total raised to date.

It will use the funds to broaden operations and accelerate deployment of technologies for much safer autonomous cars.

The new funding consists of the company’s existing investors Magma Venture Capital, Gemini Israel Fund, Amiti Fund, Mitsui & Co Global Investment, Liberty Ventures and Israel’s Delek Motors, in addition to new investors consisting of Fraser McCombs Ventures and the Samsung Catalyst Fund.

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