Friday, January 29, 2016

Savari Secures $8 Million for Vehicle Situational Awareness Tech

Savari, a start-up based in Santa Clara, California, raised $8 million in Series A funding for tis V2X (Vehicle-to-Everything) safety communication technology.

Complementary to LiDAR, Radar and Camera-sensor technologies, Savari's DSRC technology works in any V2X environment including non-line-of-sight environments. Savari's solutions provide 360-degree situational awareness for the car and the road and include an upgrade path to support LTE technology.

The company said its technology is already deployed in the largest V2X safety pilot study conducted by the U.S. Department of Transportation (USDOT). The company is continuing to collaborate with major automotive manufacturers in engineering and field trials along with additional industry groups around the world, including ITS America, OmniAir Consortium and Car 2 Car Communication Consortium (C2C-CC).

The company plans to launch an after-market product later this year that will provide full situational awareness to drivers while exchanging real-time information between connected cars.

Delta Electronics Capital Company, a subsidiary of Delta Electronics Inc., SAIC Capital, the corporate venture of Shanghai Motors, and an undisclosed strategic investor participated in the round.

http://www.savari.net

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