BlackBerry Ivy Innovation Fund put up capital to advance cost savings in vehicular maintenance.

Software and cybersecurity technology provider BlackBerry co-led a €5.5m ($5.8m) series A round for Germany-based predictive automotive maintenance technology developer Compredict as car manufacturers eye the predictive maintenance market to help them reduce costs.

BlackBerry made its contribution through the $50m BlackBerry Ivy Innovation Fund, which invests on behalf of BlackBerry Ivy – itself a joint venture between the corporate and cloud technology provider Amazon Web Services (AWS) dedicated to making cars more connected.

Compredict uses virtual sensors to assess…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.