Aviva raises $26.5M to create better automotive car networks
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Aviva Technology Holding has raised $26.5 million in a funding round led by Sehat Sutardja and Weili Dai, the founders of Marvell Technology Group.
The round will enable Aviva Links to speed product development and expand sales and marketing for its high-speed data movement for in-car communications. The company has raised $33 million to date.
Driving change
The multi-trillion automotive industry is undergoing an enormous transformation, driven by new technologies that are enabling rapid advancements in autonomous systems, telematics, and infotainment. The pandemic-driven worldwide semiconductor shortage will curb auto sales by $100 billion in 2021, according to professional services firm KPMG. But once that shortage is mitigated, technology will march on.
Vehicles will have vast amounts of data moving through them, and Aviva is building secured in-vehicle connectivity chips that can move