Ethernovia, a San Jose, CA-based developer of solutions for next generation vehicle data networks, raised $64M in Series A funding.
Backers included Porsche Automobile Holding SE (Porsche SE), Qualcomm Ventures, VentureTech Alliance, AMD Ventures, Western Digital Capital, Fall Line Capital, Taiwania Capital, and ENEA Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Ramin Shirani, Ethernovia offers integrated Ethernet chips with high bandwidth and advanced security solutions for the energy-efficient processing of large amounts of data coming from advanced vehicle applications including Advanced Driver-Assisted Systems (ADAS), autonomous driving (AD) and a rich ecosystem of customer software delivered Over the Air (OTA).
The team also includes Roy Myers, senior vice president of engineering; Hossein Sederat, chief technology officer; Darren Engelkemier, vice president of silicon engineering, Christopher Mash, vice president of business development, and Klaas Bult, vice president of data acquisition.
FinSMEs
15/05/2023