HERZLIYA, Israel and SAN JOSE, Calif. and SAN FRANCISCO, Jan. 31, 2022 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Otonomo) (Nasdaq: OTMO), a number one supplier of a pioneering mobility intelligence platform, and NextBillion.ai, a number one supplier of enterprise Map Data + AI platform within the geospatial information area, at this time introduced their partnership by way of which NextBillion.ai will supply its prospects entry to multi-layered, multi-brand OEM related automobile information from Otonomo’s platform throughout North America and Europe.
Recognizing the worth of related automobile information
The calls for of the brand new mobility world have considerably advanced in latest occasions because of the event of the sharing financial system. The guidelines of how we transfer, how we share visitors infrastructure, and how we fulfill the elevated demand for automobile information has modified. The emphasis is on enhancing connectivity — and that requires dependable automobile information.
The availability of world embedded information as processed and supplied by Otonomo inside NextBillion.ai’s platform will help companies in assembly the trendy mobility calls for.
“The partnership between Otonomo and NextBillion.ai will accelerate innovation and time to market for products and services of mobility businesses across the globe,” states Ajay Bulusu, Co-founder of NextBillion.ai. “The industry will gain access to enterprise-grade mobility solutions — built on connected vehicle data derived following the highest levels of privacy and security standards,” he provides.
Enhancing map information with Otonomo
Otonomo’s automobile information and insights will help NextBillion.ai in serving mobility and logistics use instances throughout a variety of industries, together with fleet administration, electrical automobiles, emergency response providers, sensible cities, on-demand providers and last-mile supply.
“Otonomo’s partnership with NextBillion.ai represents a step forward in the mobility intelligence solutions available to fleets, EV providers, smart cities and others,” says Ben Volkow, CEO and Co-Founder of Otonomo. “Our data and insights will add clarity and accuracy to the mapping and routing tools used to deliver a wide range of traffic and transportation-related services,” he provides.
NextBillion.ai’s spatial information platform will leverage this partnership to construct enhanced maps, enabling use instances that aren’t doable utilizing typical mapping platforms. These largely unserved and underserved use instances embrace real-time incident detection, secure/accessible parking area identification, customized routing for EVs, together with business automobiles, street attributes identification reminiscent of street indicators, vacation spot dedication, disruption prediction reminiscent of climate situations, and provision of related automobile information for emergency providers.
With Otonomo as its associate for related automobile information, NextBillion.ai’s information platform is predicted to present its prospects with higher maps, enhanced routing, and extra correct ETAs. The partnership may even allow NextBillion.ai’s prospects to function their supply fleet extra successfully, handle belongings extra effectively, improve driver security and lower operational prices.
About Otonomo
Otonomo fuels a knowledge ecosystem of OEMs, fleets, and greater than 100 service suppliers spanning the transportation, mobility and automotive industries. Our platform securely ingests greater than 4 billion information factors per day globally from over 50 million automobiles licensed on the platform and large quantities of mobility demand information from multimodal sources, then reshapes and enriches it, to speed up time to marketplace for new providers that enhance the mobility and transportation expertise. We present deeper visibility and actionable insights to empower strategic data-driven selections – taking the guesswork out of mobility and transportation planning, deployment and operations. Privacy by design and neutrality are on the core of our platform, which allows GDPR, CCPA, and different privacy-regulation-compliant options utilizing each private and combination information. Use instances embrace emergency providers, mapping, visitors administration, EV administration, subscription-based providers, micro-mobility, parking, predictive upkeep, insurance coverage, media, in-vehicle providers, and dozens of sensible metropolis options. Otonomo has an R&D middle in Israel and a presence within the United States and Europe.
More info is obtainable at otonomo.io
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For press inquiries, please contact:
Otonomo
Jodi Joseph Asiag
Head of Content and Communications
jodija@otonomo.io
For funding inquiries, please contact:
MS- IR for Otonomo
Miri Segal
msegal@ms-ir.com
About NextBillion.ai
NextBillion.ai is a map information + AI platform that helps enterprises handle location information and undertake an AI-first strategy at scale for each use case and geography. The firm allows enterprises to deal with extremely advanced location issues with the assistance of tailor-made mapping and routing options. NextBillion.ai provides map information administration providers, location instruments and APIs to enterprises reminiscent of last-mile supply, telematics, logistics, transport, meals supply, automotive, and ride-hailing/ride-sharing.
For extra info, please go to www.nextbillion.ai.
NextBillion.ai on Social Media
Forward Looking Statements
This announcement accommodates sure forward-looking statements throughout the that means of the federal securities legal guidelines, together with statements concerning the providers supplied by Otonomo the anticipated technological functionality of Otonomo, the markets wherein Otonomo operates and Otonomo’s projected future monetary and operational outcomes. These forward-looking statements usually are recognized by the phrases “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and comparable expressions. Forward-looking statements are predictions, projections and different statements about future occasions which are primarily based on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. Many components may trigger precise future occasions to differ materially from the forward-looking statements on this announcement, together with however not restricted to, the power to implement enterprise plans, forecasts, and different expectations, the power to determine and understand further alternatives, and potential modifications and developments within the extremely aggressive information market. The foregoing checklist of things shouldn’t be exhaustive. You ought to fastidiously think about the foregoing components and the opposite dangers and uncertainties described in Otonomo’s ultimate prospectus filed with the SEC onNovember 3, 2021and different paperwork filed by Otonomo from time to time with the SEC. These filings determine and deal with different necessary dangers and uncertainties that would trigger precise occasions and outcomes to differ materially from these contained within the forward-looking statements. Forward-looking statements converse solely as of the date they’re made. Readers are cautioned not to put undue reliance on forward-looking statements, and Otonomo assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not because of new info, future occasions, or in any other case. Otonomo offers no assurance that it’ll obtain its expectations.