# Autotalks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/autotalks

- Industry: Semiconductors
- Headquarters: Netanya, Israel
- Website: www.auto-talks.com
- Total disclosed funding: $40M
- Latest round: Series D (Jun 26, 2017)
- Investors on record: 11

## About

Autotalks, Ltd. is an Israeli company specializing in advanced Vehicle-to-Everything (V2X) communication technologies, enhancing vehicle interactions for improved road safety and mobility across various markets.Founded in 2008 and headquartered in Netanya, Israel, Autotalks develops V2X communication solutions. The company has undergone a strategic pivot towards enhancing its product offerings and expanding its market reach. Autotalks, co-founded by Nir Sasson and Onn Haran, has successfully completed 9 deals, with the most recent deal on May 8, 2023. In this transaction, Qualcomm Technologies, Inc. agreed to acquire Autotalks for USD 350.000 mn, marking a significant financial milestone, as this amount represents the total capital raised by the company.Autotalks specializes in Vehicle-to-Everything (V2X) communication technology, enabling vehicles to interact with each other and their surroundings to enhance road safety and mobility. Their core offerings include V2X chipsets, such as the V2X 350 Chip, designed for mass-market deployment, and advanced systems that integrate with Advanced Driver Assistance Systems (ADAS). These products allow vehicles to perceive hazards beyond the driver's line of sight, effectively 'seeing' around corners and through obstacles for distances up to a mile. Autotalks’ V2X solutions target automotive manufacturers, technology integrators, and infrastructure developers, primarily in North America, Europe, and Asia, to improve vehicle communication and road safety for all users. By connecting diverse road users to a comprehensive safety network, the company addresses critical use cases such as collision avoidance, traffic management, and pedestrian safety.Autotalks generates revenue through the sale of its V2X chipsets and related technology solutions, operating primarily on a Business-to-Business (B2B) model. Transactions typically involve direct sales to automotive manufacturers, as well as partnerships with technology firms and infrastructure providers, who integrate V2X capabilities into their offerings. The revenue structure includes one-time payments for hardware, ongoing licensing agreements for software updates, and support services associated with the deployment of their V2X systems. While specific pricing plans for individual products are not disclosed, the flagship V2X chipsets are positioned to be cost-effective solutions that enhance the safety features of vehicles, supporting a growing demand for advanced vehicular communication technologies.In May 2023, Qualcomm Technologies, Inc. agreed to acquire Autotalks, Ltd. for USD 350.000 mn, which will enable the company to leverage Qualcomm's resources for the development of its V2X technologies. The acquisition aims to scale inter-vehicle communications chips essential for autonomous and semi-autonomous vehicles. This strategic move will support Autotalks' future growth initiatives, including the launch of new V2X products designed to enhance communication capabilities and safeguard road users. The expansion strategy will target additional markets, particularly in North America and Europe, in alignment with the increasing demand for advanced vehicular communication solutions.

## Funding rounds

- Series D, Jun 26, 2017, $10M — SPARX Group, Hyundai Motor Company
- Series D, Mar 22, 2017, $30M — Vintage Investment Partners, Gemini Israel Ventures, Mitsui Global Investment, Magma Venture Partners, Liberty Venture Partners, Delek Group Ltd., Amiti Ventures, FM Capital, Samsung Strategy & Innovation Center

## Investors

- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series D
- Gemini Israel Ventures (https://capitalatlas.ai/funds/gemini-israel-ventures) — Series D
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series D
- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Series D
- Liberty Venture Partners (https://capitalatlas.ai/funds/liberty-venture-partners) — Series D
- Delek Group Ltd. — Series D
- Amiti Ventures (https://capitalatlas.ai/funds/amiti-ventures) — Series D
- FM Capital (https://capitalatlas.ai/funds/fm-capital) — Series D
- Samsung Strategy & Innovation Center (https://capitalatlas.ai/funds/samsung-strategy-innovation-center) — Series D
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series D
- Hyundai Motor Company — Series D