V2X startup Commsignia gets USD 11 mln funding

Budapest Business Journal | Aug 15, 2019 at 1:22 PM
  • Hungarian-founded startup Commsignia, a market leader in V2X (vehicle-to-everything) solutions, has announced the closure of an USD 11 million fundraising round led by Karma Ventures and Samsung Catalyst Fund, together with Partech, Inventure, and existing investors Credo Ventures, and Day One Capital.
  • V2X is the base technology for creating Cooperative Intelligent Transport Systems (C-ITS), which improve road safety and traffic efficiency by using remote sensor data from other vehicles, infrastructure cameras, and other sources to allow cars to see beyond their line of sight.
  • Recognizing its impact on making transportation safer, the European New Car Assessment Program (Euro NCAP) – a European car safety performance assessment program – has added V2X to its standards roadmap with implementation expected in 2024.