# Commsignia

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

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.commsignia.com
- Total disclosed funding: $27M
- Latest round: Series B (Sep 5, 2023)
- Investors on record: 9

## About

Commsignia Ltd., based in the US, specializes in software solutions for advanced vehicular communication, focusing on Vehicle-to-Everything (V2X) technologies to enhance traffic safety and smart mobility.Commsignia Ltd. was founded in 2012 in Santa Clara, US, and focuses on developing V2X communication solutions. The company has engaged in three funding rounds, with the most recent deal occurring on September 5, 2023, when they raised USD 15 mn in a Series B funding round led by PortfoLion. The CEO is Jozsef Kovacs and key personnel include Szabolcs Patay. Founder András Takács has a history of entrepreneurial ventures.Commsignia specializes in advanced vehicular communication technologies, focusing on the development and deployment of Vehicle-to-Everything (V2X) solutions. Their primary offerings include V2X On-Board Units (OBUs) and Roadside Units (RSUs), which facilitate communication between vehicles, infrastructure, and central traffic management systems. These products enhance traffic safety, manage vehicular flows, and support the integration of smart city initiatives. The company also provides a software stack, the Commsignia Hybrid Suite, which ensures interoperability and compliance with industry standards. Commsignia's diverse client base includes automotive manufacturers, transportation departments, and logistics companies primarily in North America and Europe.Commsignia's revenue model primarily revolves around direct B2B transactions, where clients, including automotive manufacturers and municipal transportation agencies, purchase V2X hardware and software solutions. The company engages in long-term partnerships for large-scale deployments, which involve significant upfront installation costs and ongoing maintenance fees. Their flagship offerings, including the V2X OBU and RSU units, are sold as part of comprehensive packages that may include additional services such as device management and data analytics. This model drives recurring revenue through subscription-based updates and support services.In September 2023, Commsignia Ltd. raised USD 15 mn in Series B funding, led by new investor PortfoLion, to accelerate business growth and marketing expansion. The company plans to develop new V2X products and expand into additional markets, particularly in regions with strong demands for connected vehicle technologies. Recent funding will support these initiatives, bolstering their efforts in introducing innovative products to meet the growing needs of smart mobility.

## Funding rounds

- Series B, Sep 5, 2023, $15M — Partech Partners, Inventure, Qualcomm Ventures, Credo Ventures, PortfoLion, Day One Capital, Samsung Strategy & Innovation Center, Karma Ventures, Inference Partners
- Series A, Aug 14, 2019, $12M — Partech Partners, Inventure, Credo Ventures, Day One Capital, Samsung Strategy & Innovation Center, Karma Ventures
- Seed, Dec 27, 2016 — Credo Ventures, Day One Capital

## Investors

- Credo Ventures (https://capitalatlas.ai/funds/credo-ventures) — Seed, Series A, Series B
- Day One Capital (https://capitalatlas.ai/funds/day-one-capital) — Seed, Series A, Series B
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series B
- Inventure (https://capitalatlas.ai/funds/inventure) — Series A, Series B
- Samsung Strategy & Innovation Center (https://capitalatlas.ai/funds/samsung-strategy-innovation-center) — Series A, Series B
- Karma Ventures (https://capitalatlas.ai/funds/karma-ventures) — Series A, Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B
- PortfoLion (https://capitalatlas.ai/funds/portfolion) — Series B
- Inference Partners (https://capitalatlas.ai/funds/inference-partners) — Series B