otonomo

Smart Mobility Data Platform

Automotive & Mobility Technologies
Acquired by Urgently on Oct, 2023

Company Overview

Snapshot

Founded in December 2015 by Avner Cohen and Ben Volkow, Otonomo operates with 201–500 employees. The company raised a total of $341.1M across 7 funding rounds from 14 investors. Otonomo was acquired by Urgently in October 2023, marking a significant exit in the smart mobility data sector.

Business overview

Otonomo provides a smart mobility data platform that creates a data ecosystem for OEMs, fleets, and over 100 service providers in the transportation, mobility, and automotive industries. Its platform processes billions of data points daily from millions of vehicles and multimodal sources, enriching this data to accelerate the development of new services. The company's solutions, designed with privacy by design, offer actionable insights for use cases such as emergency services, mapping, EV management, and smart city solutions, operating within the Automotive & Mobility Technologies sector.

Strategic signal

In October 2023, Otonomo was acquired by Urgently, following shareholder approval of the business combination in September 2023. This acquisition signals a consolidation within the mobility services market, aiming to create a leading entity in the space and indicating a strategic shift for Otonomo from an independent data platform provider to an integrated component of a larger mobility services company.

Company Intelligence Q&A

What was a significant recent corporate development for Otonomo?
Otonomo was acquired by Urgently in October 2023, following a business combination that received shareholder approval in September 2023.
When did Otonomo complete its SPAC merger?
Otonomo completed its SPAC merger with Software Acquisition Group in August 2021, listing on NASDAQ under the ticker OTMO.
Which company did Otonomo acquire in October 2021?
Otonomo acquired Neura, a behavior analytics company, in October 2021.
What recognition did Otonomo receive in October 2022?
Otonomo won the “Fleet Management Innovation of the Year” award at the 2022 AutoTech Breakthrough Awards in October 2022.

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