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General Motors acquires battery software startup ALGOLiON

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General Motors has acquired substantially all the assets of Israel-based battery software startup ALGOLiON Ltd. ALGOLiON employees, including the company’s founders, will remain based in Israel and join more than 850 employees at the GM Technical Center in Herzliya, Israel. for an undisclosed sum.

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Gentherm leads investment in electric battery cooling technology maker Carrar

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Gentherm, a developer of innovative thermal management technologies, is the lead investor in a seed round of financing in Carrar , an Israel-based technology developer of advanced thermal management systems for the electric mobility market. —Erez Freibach, Co-founder and CEO of Carrar.

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Karamba Security raises $10M in new funding; round led by VinFast

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Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing. —VinFast deputy CEO, Pham Thuy Linh.

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HARMAN acquiring Red Bend Software and Symphony Teleca for growth in connected vehicle space

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HARMAN International announced the acquisition of Israel-based Red Bend Software, a leading provider of software management technology for connected devices, and over-the-air (OTA) software and firmware upgrading services. By 2020, it is expected that more than 90% of vehicles on the road will be connected (Frost and Sullivan).

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Daimler first automotive company to test UBQ’s climate-positive thermoplastic material in auto parts

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Daimler chose to partner with UBQ through Plug and Play’s Startup Autobahn, an innovation platform that connects emerging technologies to pilot opportunities with multinational corporations. Following further trials and examination, Daimler and UBQ will decide whether the material will be incorporated in vehicles to go to market.

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Intel completes tender offer for Mobileye; accelerating autonomous driving

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announced the completion of Intel’s tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. Mobileye will remain headquartered in Israel and led by Prof.

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Toyota invests in V2X chipset company Autotalks

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Israel-based Autotalks, a developer in V2X (Vehicle to Everything) communication chipsets ( earlier post ), has completed its Series D round with about $40 million in investments, an oversubscription of $10 million. One of the V2X market’s key drivers is the rush of automotive OEMs and Tier1s to mass market V2X systems in vehicles.

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