SafeRide Technologies

AI-driven Vehicle Insights

Automotive & Mobility Technologies
Acquired (Inactive) by Questar on Nov 2021 - closed due to acquisition

Company Overview

Snapshot

Founded in January 2016 by Yossi Vardi and Hilik Stein, SafeRide Technologies operated with 1–10 employees. The company raised $2.5M across two funding rounds from one investor. A significant milestone was its acquisition by Questar in November 2021.

Business overview

SafeRide Technologies specializes in providing AI-based vehicle health management, data analytics, and cybersecurity solutions for the automotive industry. Its core technology offers timely vehicle insights to automakers and fleet owners, aiming to reduce warranty costs, limit recalls, minimize vehicle downtime, lower total cost of ownership, optimize vehicle performance, and prevent reputation loss. The company operates within the Automotive & Mobility Technologies sector, focusing on urban mobility, autonomous, and connected vehicle technologies.

Strategic signal

In November 2021, SafeRide Technologies was acquired by Questar, following news of a potential $1 billion SPAC merger negotiation with Traffilog. This acquisition signals a strategic consolidation within the Israeli autotech sector, indicating a strong market interest in AI-driven vehicle insights and cybersecurity solutions for connected and autonomous vehicles.

Company Intelligence Q&A

What was a significant corporate development for SafeRide Technologies?
SafeRide Technologies was acquired by Questar in November 2021, leading to its current inactive status.
When did SafeRide Technologies launch its vInsight platform?
In November 2020, SafeRide Technologies launched vInsight, a deep-learning vehicle health management platform.
Did SafeRide Technologies form any strategic partnerships?
Yes, in June 2018, SafeRide Technologies announced a strategic partnership with ST Engineering to protect connected and autonomous vehicles from cyberattacks.
What was SafeRide Technologies' involvement with AUTOSAR?
In July 2020, SafeRide Technologies joined the AUTOSAR Automotive Open System Architecture partnership, collaborating with leading vehicle manufacturers, electronics suppliers, and software companies.
Did SafeRide Technologies expand its international presence?
In September 2020, SafeRide Technologies opened a new office in Germany to support and accelerate its growing business in Europe.

External links