202208 Aug

Nexar to Acquire Intelligent Networking Firm Veniam

Summary

Together, the companies will exponentially increase the reach and decrease the costs of rich mobility applications and the real time mapping of the physical world. The crowd-sourced images and detections collected from Nexars popular dash cams are processed to create and continually update a real time digital twin of Americas roads and cities. Veniam, based in Porto, Portugal, has served dozens of global companies with a software platform that allows devices in cars to connect with each other as well as the Internet. For the first time ever, Nexar will provide a bundle of rich applications and data access, removing long-standing barriers and accelerating the adoption of crowdsourced vision for the benefit of the entire mobility ecosystem. Were thrilled to be joining their team and working together to transfer massive amounts of data to the cloud in a secure and cost-effective way, while making cars and the cities they drive in, smarter, safer and more sustainable.

Source: Thefastmode

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