Venadar released an Automotive First View in February 2021, designed to predict the top trends of the year and illustrate those trends with the most promising startups. Many of these startups have received funding from investors or have been acquired in the 11 months since this report was published.
The Optimized Vehicle trend was particularly fruitful. This trend included a range of technologies, including those focused on intelligent automation systems, edge-based driver assistance, ultra-high-res imaging radar, and more. Of the 10 companies highlighted, 5 out of 10 profiled raised almost $184M:
- Fortellix – received $32M in Series B funding
- Xenomatix – received approximately $11.31M in development capital/li>
- Arbe Robotics – received $100M of development capital
- Ravin – received $15M in Series A funding
- Helm.ai – received $26M in Series B funding
Our predictions within the Digital Retailing trend, particularly relevant in Covid-challenged 2020 and 2021, produced 3 startups that were acquired in the 11 months since we highlighted them:
- CreditIQ was acquired for $30M by Cars.com
- Roadster was acquired for $364.4M by CDK Global
- Bipi was acquired for €100M by RCI Banque (subsidiary of Groupe Renault)
These First View reports are generalized category analyses meant to illustrate the Venadar process. The high-level First View can identify the most promising startups in a category that are directly addressing relevant trends. Contact us today to see how we can create a bespoke report to directly address strategic gaps and challenges you face and identify the right partners to help you move into the future with targeted innovation efforts.
To view the full Automotive First View (and all other categories) visit venadar.com/insights.