# Ottopia Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ottopia-technologies

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.ottopia.tech
- Total disclosed funding: $27M
- Latest round: Series A (Jan 10, 2023)
- Investors on record: 8

## About

Ottopia Technologies, Ltd. specializes in teleoperation solutions, delivering a versatile platform that enables remote vehicle control for both commercial and defense applications. Their innovative technology enhances operational efficiency and safety across diverse vehicle types.Ottopia Technologies, Ltd. was founded in 2018 in Tel Aviv-Yafo, Israel, focusing on teleoperation solutions that allow for the remote control of vehicles. The firm raised USD 14.5 mn in Series A funding on January 10, 2023, from investors including ComfortDelGro Capital Partners, IN Venture, MizMaa Ventures, and Next Gear Ventures. The CEO and founder of the company is Amit Rosenzweig, who has an extensive background in technology and entrepreneurship.Ottopia provides a comprehensive teleoperation platform for remote vehicle control, serving both commercial and defense sectors. Their offerings include remote driving for autonomous trucks and robotaxis, along with military applications for demolition, construction, and surveillance. The platform supports various mobility services such as remote valet parking, and their clientele includes Tier-1 automotive manufacturers and defense contractors across North America, Europe, and Asia.Ottopia generates revenue through partnerships and B2B transactions in the automotive and defense industries. Their business model features subscription-based services and hardware sales designed for vehicle integration. Revenue is derived from long-term contracts for ongoing services and customized pricing plans tailored to client needs, ensuring solutions meet specific operational demands. The company’s products emphasize enhancing safety and efficiency through reliable remote communications.In January 2023, Ottopia Technologies, Ltd. secured USD 14.5 mn in Series A funding to expedite the rollout of their teleoperation software, aiming to realize their objective of enabling autonomy across all industries. The company plans to expand its market presence into new regions, with specific targets in North America, Europe, and Asia, enhancing their offerings in those areas. The recent funding will support these initiatives and facilitate the launch of upcoming product developments.

## Funding rounds

- Series A, Jan 10, 2023, $15M — MizMaa Ventures, Next Gear Ventures, ComfortDelGro Capital Partners, IN Venture
- Series A, Apr 23, 2021, $9M — Maven, Hyundai Motor Company, MizMaa Ventures, Next Gear Ventures, IN Venture
- Seed, Dec 21, 2018, $3M — Glory Ventures, MizMaa Ventures, Next Gear Ventures, Plug and Play

## Investors

- Glory Ventures (https://capitalatlas.ai/funds/glory-ventures) — Seed
- MizMaa Ventures (https://capitalatlas.ai/funds/mizmaa-ventures) — Seed, Series A
- Next Gear Ventures (https://capitalatlas.ai/funds/next-gear-ventures) — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Maven (https://capitalatlas.ai/funds/maven) — Series A
- Hyundai Motor Company — Series A
- IN Venture (https://capitalatlas.ai/funds/in-venture) — Series A
- ComfortDelGro Capital Partners (https://capitalatlas.ai/funds/comfortdelgro-capital-partners) — Series A