Verizon led a round for the connected vehicle technology developer that also included Cisco, Orange and Yamaha Motor Company.
Veniam, a US-based developer of technology that turns vehicles into wifi hotspots, raised $22m yesterday in a series B round led by Verizon Ventures, telecommunications company Verizon’s corporate venturing unit.
Cisco Investments, Orange Digital Ventures and Yamaha Motor Ventures, the respective corporate venturing subsidiaries of networking technology provider Cisco, telecoms firm Orange, and boat and motorcycle manufacturer Yamaha Motor, also invested.
The corporates were joined by venture capital firms True Ventures and Union Square Ventures, and investment firm Cane Investments.…
