10 Jun 2019 | News
NoTraffic develops a system for real-time traffic management in urban environments, which is based on a network of plug and play sensors and real-time communication between the vehicle and traffic lights
Israel-based Autotalks Ltd., a developer of vehicle-to-vehicle communications chips, will be supplying its chipset to Israeli smart mobility startup NoTraffic Ltd.’s autonomous traffic management system, the former announced Monday. The companies’ joint product will be capable of identifying a range of objects including vehicles, motorcycles, and pedestrians, and can communicate this information to oncoming vehicles, according to the company’s statement. The vehicles will alert drivers and, in the future, automatically brake to avoid an accident in times of danger.
Founded in 2008, Autotalks develops vehicle communication chips designed to help reduce collisions and improve mobility in autonomous vehicles. The company has raised approximately $80 million to date from investors including Samsung and Hyundai, according to Pitchbook data. The company is headquartered in Israel and has additional offices in the U.S., Europe, and East Asia, employing around 100 people.
Founded in 2016 and based in Tel Aviv, NoTraffic develops a system for real-time traffic management in urban environments, which is based on a network of plug and play sensors and real-time communication between the vehicle and traffic lights. According to NoTraffic, the company’s artificial intelligence algorithms are capable of identifying and correctly predicting vehicles’ arrival time at a traffic light and optimizing traffic light timing to improve flow. The company has raised about $3.5 million to date, according to Pitchbook data.
The article was originally published on CalcalisTech.com
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