Intelligent road technology developer Cavnue raised the cash in a series A round co-led by Ford Motor Company while two other strategic partners, Globalvia and Landstar, also invested.

Automotive manufacturer Ford Motor Company co-led US-based road technology startup Cavnue’s $130m series A round on Wednesday with Sidewalk Infrastructure Partners (SIP), the infrastructure investment firm spun off by internet and technology group Alphabet.

Transport infrastructure group Globalvia’s technology and innovation subsidiary, Openvia, also took part in the round, as did freight transportation manager Landstar System.

Formed by SIP in 2020, Cavnue is working on technologies capable of integrating roads with advanced automotive features such as driver assistance systems or…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.