Tuesday 27 June 2017

Autotalks' investment thing with Toyota's arm

I think. I don't know. It's a PR email. 'Why don't you email them back, boss, to find out?' Find out what, Voice?! 'More information, man.' No, I'm all right.

Hagai Zyss, Autotalks' CEO: "The funding round will allow Autotalks to prepare and expand its operations for the upcoming start of mass productions as well as continue to develop communication solutions for both connected and autonomous cars."

Yeah. Something to do with cars. 'Makes sense, if Toyota is involved.' Well, let's find out more ...

Kfar Netter, Israel, June 26th, 2017 - Autotalks, the global leader in V2X (Vehicle to Everything) communication chipsets, announced today an extension to its recent funding round. Autotalks completed its Series D round with about $40 million in investments, an oversubscription of $10 million. The increased investment amount is a result of new investments from investors such as Mirai Creation Investment Fund, of which the principal investors are Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation, and is managed by SPARX Group. Additionally, current Autotalks' investors increased their investment in the company.

Okay, okay. Chipsets, uh ... is that the same as a bag of chips? 'You buy a bag of chips every night, boss, but, no, I don't think so.' Bloody hell! I shouldn't have started this.

Autotalks is a leading player in the booming global V2X market. One of the market's key drivers is the rush of automotive OEMs and Tier1s to mass market V2X systems in vehicles. As the USDOT issued NPRM (Notice for Proposed Rule Making) will soon be in effect, leading global automotive companies are ahead of regulation. Therefore, after several design wins, Autotalks is quickly preparing for mass production starting in 2019.

Oh, it's obviously computer stuff. I hate computers. 'But you love chips!' Yeah, I thought it was something to do with chips. What an idiot!

"The funding round represents a real vote of confidence both in the V2V market and in Autotalks," said Hagai Zyss, Autotalks' CEO. "Having such respectable investors, who are worldwide leaders in the automotive industry, oversubscribing this current financial round, is a wonderful addition."

Okay. 'And did our Hagai conclude, boss?' Ha! You bet your ass he did! -

Zyss concluded: "The funding round will allow Autotalks to prepare and expand its operations for the upcoming start of mass productions as well as continue to develop communication solutions for both connected and autonomous cars. As a result, Autotalks will continue to stay a step or two ahead of its competition as has been the case since the company's inception."

Okay. He's repeating himself a bit. No harm in that. He's a man after my own heart. / And, er, Shuhei Abe, had something to say as well, but we won't bother with him. 'Who is he?' The CEO of SPARX Group. 'Okay.' Yeah. Never mind.

...

Anything else? Politics? The magic money tree? Yeah, Theresa May has got one. 'You mean Jeremy Corbyn, boss.' No I don't, Voice. May has had one all along. She was keeping quiet about it, but now everyone knows. 'Amazing!' Will wonders never cease?