The automotive sensor developer secured funding in an Aviva Ventures-led round that included SAIC Capital and Flex.
Aviva Ventures, the corporate venturing subsidiary of insurance firm Aviva, led a $12m series B round yesterday for Savari, a US-based developer of wireless sensors for the automotive industry.
SAIC Capital, an investment vehicle for carmaker SAIC Motors, also participated in the round, as did supply chain services provider Flex and an unnamed additional strategic investor.
Savari is developing wireless sensors and software that uses V2X, or vehicle-to-vehicle, radio technology, enabling vehicles to communicate with each other as well as…
