Commsignia Announces Funding of USD 15M in Series B Round
Summary
The worlds leading car manufacturers, policy makers, and the transport industry in the US, Europe and China have expressed their trust in V2X as a technology that can effectively save lives through decisions and measures that opened up the way to full-scale deployments. On the operator side, Commsignia and its partners have covered hundreds of intersections across the United States, Europe and Asia with V2X, contributing to increasing road safety in cities and regions, like Las Vegas, Denver and broader Colorado, the Italian motorways, and highways in Czechia. This investment reinforces our ecosystem strategy which covers all segments of mobility and connected infrastructure services, to enable more people to use our world-class V2X products to improve sustainability, efficiency, equity and safety in transportation" - says Szabolcs (Szabi) Patay, CEO of Commsignia. We are thrilled to take part in fuelling the growth of this life saving technology through domain leader Commsignia, and look forward to making mobility safer, smarter, and more sustainable – added Timo Tirkkonen, Partner and Co-Founder at Inventure. "V2X communication technology is essential for making autonomous driving a reality," said Lee Sang-yong, senior vice president of R&D Laboratory at LG Electronics Vehicle component Solutions (VS) Company.