Qualcomm announced its acquisition of Israeli startup Autotalks, which develops smart vehicle communication systems to enhance road safety and prevent collisions.
Autotalks utilizes sensor technology to enable vehicles to communicate with each other and with road infrastructure, providing early detection of hazards and increasing road safety.
- The Israeli startup focused on smart vehicle communication systems developed the chipset vehicle-to-everything (V2X) system, which connects car technology to warn drivers and vehicles of hazards.
- The company is reportedly being acquired for $350M to $400M and comes at a time when Qualcomm looks to expand its capabilities and product range in its automotive semiconductor space.
- Autotalks had previously raised over $150M in funding from investors, including Hyundai Motor, Toyota, Samsung, Gemini Israel Ventures, and Magma Venture Partners.
- Current cars such as Volkswagen Golf, ID.3, and ID.4, as well as Toyota vehicles, are all equipped with V2X systems, displaying alerts on screens and integrating the technology for enhanced safety.