Israel’s Otonomo Partners With Fiat Chrysler Automobiles In Europe

Israeli startup Otonomo, a data services platform for autonomous and connected cars, has signed an agreement with Fiat Chrysler Automobiles (FCA) to provide the Italian-American carmaker with a range of services in Europe, the company announced on Tuesday.

Otonomo will receive de-identified, aggregated data from FCA connected vehicles in Europe in order to provide the company with its range of services that include advanced mapping, advanced traffic management and planning, and smart city applications to support the decrease of congestion and pollution in urban environments in Europe.

The Otonomo automotive data services platform ingests automotive data from multiple OEMs, then secures, reshapes, and enriches it in a de-identified form to meet GDPR provisions, as well as other global privacy requirements. Application and service providers can use it to develop a host of new and innovative offerings.

Service providers will have access to crowd data from FCA vehicles including GPS coordinates, acceleration events, vehicle speeds, light status, and engine health indicators through Otonomo’s platform, along with data from other automotive manufacturers.

Fiat Chrysler will join Otonomo’s growing network of automotive OEMs, which include BMW, Mitsubishi Motors, and Daimler AG, as well as partnerships with US car rental company Avis Budget Group and software giant Microsoft to expand its range of services.

In April, Otonomo raised $46 million in a Series C funding round with investments from SK Holdings, Avis Budget Group, and Alliance Ventures as well as participation from existing investors such as Bessemer Venture Partners. This round brings the company’s total funding raised to $82 million.

“Otonomo has long focused on building an ecosystem around car data that’s open and inclusive,” said Ben Volkow, chief executive office and founder of Otonomo. “Our agreement  with Fiat Chrysler Automobiles represents a big step forward and will create new value for all participants: service providers, individual drivers, municipalities, and society.”

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Written by Aakash Malu


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