Samsung, Sompo, Nationwide and Micron took part in a series C round that will help the automotive technology developer expand its product offering and geographic footprint.
Israel-based connected vehicle technology developer Nexar completed a $52m series C round yesterday backed by consumer electronics producer Samsung, computer data storage provider Micron Technology and insurers Nationwide and Sompo.
Venture capital firm Corner Ventures led the round, while La Maison, Atreides Management, Aleph, Mosaic Ventures and Ibex Ventures also participated. Samsung and Micron Technology invested through Samsung Next and Micron Ventures respectively.
Nexar has developed computer vision and sensor technology for use in smart dash cameras, aggregating data to…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
