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Tactile Mobility Secures Strategic Investment from Nexteer Automotive and The Group Ventures to Support Growing Demand for Tactile Virtual Sensing and Data

Jan 07, 2021•over 4 years ago
Haifa

Description

Tactile Mobility, the leading tactile virtual sensing and data company, announced today that it secured funding from Nexteer Automotive, a global leader in intuitive motion control, and The Group Ventures, an early stage North American venture firm. The investment acts as an extension to the previous $9 million round led by Porsche, and as a bridge to the next round of funding and brings total funding in the company to over $20M. Tactile Mobility plans to utilize the funds to support the rapidly growing demand for its sensing technology and data offerings, expand its go-to-market operations, and strengthen its traction among vehicle manufacturers, insurers, tire manufacturers and more across the US, Europe, and Asia.

Company Information

Company

Tactile Mobility:

Location

Haifa, Haifa District, Israel

About

Tactile Mobility is the world's leading tactile virtual sensing technology and data provider, enabling actionable insights for autonomous vehicles, municipalities, and fleet managers. Tactile Mobility's unique technology collects "first principle", crucial, anonymized real-time data generated from vehicles' non-visual, existing sensors and turns it into actionable insights on road attributes including grades, grip, and curvatures as well as vehicle attributes such as weight, tire parameters, and more. Insights provided by Tactile Mobility greatly enhance vehicle intelligence and ride safety, efficiency and experience as well as empower city officials with new and much higher value data to better conduct planned maintenance and detect hazards in near real-time. Tactile Mobility was co-founded in 2012 by Boaz Mizrachi, Yossi Shiri, and Alex Ackerman. The company is already working with multiple OEMs, road authorities, and municipalities and is based in Haifa, Israel with a presence in Europe, the US, and Asia.

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