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, in the present day introduced their partnership by way of which NextBillion.ai will supply its clients entry to multi-layered, multi-brand OEM linked automobile information from Otonomo’s platform throughout North America and Europe.
Recognizing the worth of linked automobile information
The calls for of the brand new mobility world have considerably developed in latest occasions on account of the event of the sharing financial system. The guidelines of how we transfer, how we share site visitors infrastructure, and the way we fulfill the elevated demand for automobile information has modified. The emphasis is on bettering connectivity — and that requires dependable automobile information.
The availability of world embedded information as processed and offered by Otonomo inside NextBillion.ai’s platform will help companies in assembly the fashionable 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 circumstances throughout a variety of industries, together with fleet administration, electrical automobiles, emergency response providers, good 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 circumstances that aren’t attainable utilizing typical mapping platforms. These largely unserved and underserved use circumstances embrace real-time incident detection, protected/out there parking area identification, customized routing for EVs, together with industrial automobiles, highway attributes identification akin to highway indicators, vacation spot willpower, disruption prediction akin to climate circumstances, and provision of linked automotive information for emergency providers.
With Otonomo as its accomplice for linked automobile information, NextBillion.ai’s information platform is anticipated to present its clients with higher maps, enhanced routing, and extra correct ETAs. The partnership will even allow NextBillion.ai’s clients to function their supply fleet extra successfully, handle belongings extra effectively, improve driver security and reduce operational prices.
About Otonomo
Otonomo fuels an information 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 choices – 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 permits GDPR, CCPA, and different privacy-regulation-compliant options utilizing each private and mixture information. Use circumstances embrace emergency providers, mapping, site visitors administration, EV administration, subscription-based providers, micro-mobility, parking, predictive upkeep, insurance coverage, media, in-vehicle providers, and dozens of good metropolis options. Otonomo has an R&D middle in Israel and a presence within the United States and Europe.
More data is on the market 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 method at scale for each use case and geography. The firm permits enterprises to deal with extremely complicated 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 akin to last-mile supply, telematics, logistics, transport, meals supply, automotive, and ride-hailing/ride-sharing.
For extra data, please go to www.nextbillion.ai.
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Forward Looking Statements
This announcement accommodates sure forward-looking statements throughout the which means of the federal securities legal guidelines, together with statements concerning the providers supplied by Otonomo the anticipated technological functionality of Otonomo, the markets during which 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 related expressions. Forward-looking statements are predictions, projections and different statements about future occasions which can be primarily based on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. Many elements might trigger precise future occasions to differ materially from the forward-looking statements on this announcement, together with however not restricted to, the flexibility to implement enterprise plans, forecasts, and different expectations, the flexibility to establish and notice extra alternatives, and potential adjustments and developments within the extremely aggressive information market. The foregoing record of things just isn’t exhaustive. You ought to rigorously contemplate the foregoing elements and the opposite dangers and uncertainties described in Otonomo’s closing prospectus filed with the SEC on November 3, 2021 and different paperwork filed by Otonomo from time to time with the SEC. These filings establish and deal with different essential dangers and uncertainties that might trigger precise occasions and outcomes to differ materially from these contained within the forward-looking statements. Forward-looking statements communicate 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 on account of new data, future occasions, or in any other case. Otonomo offers no assurance that it’s going to obtain its expectations.