CerebrumX Receives Strategic Investment from BlackBerry IVY Innovation Fund
Summary
As part of the investment, Vito Giallorenzo, General Manager of IVY and Head of Corporate Development at BlackBerry will join CerebrumX’s advisory board. The company intends to use the funds to scale its connected vehicle data-based product offering. The data management platform is utilized across the Edge and Core Network to its partners including (OEMs, Media, Insurers, Fleet Companies and Smart Cities/Municipalities). With the new funding and by integrating with BlackBerry IVY®, BlackBerry’s cloud-connected, automotive AI platform, CerebrumX will be able to develop embedded in-car synthetic sensors to collect valuable consented data and perform critical data processing at the edge, delivering real-time insights that can help inform in-demand applications such as comprehensive driver and vehicle health scores. CerebrumX is headquartered in Novi, Michigan with offices across NA, EMEA and APAC.
Funding
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