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Tactile Mobility Secures Strategic Investment from Nexteer Automotive and The Group Ventures to Support Growing Demand for Tactile Virtual Sensing and Data

PRIVATEJan 07, 2021

Round Type

Corporate Round

HaifaSoftwareTransportation

Description

Tactile Mobility, the leading tactile virtual sensing and data company, announced today that it secured funding from Nexteer Automotive, a global leader in intuitive motion control, and The Group Ventures, an early stage North American venture firm. The investment acts as an extension to the previous $9 million round led by Porsche, and as a bridge to the next round of funding and brings total funding in the company to over $20M. Tactile Mobility plans to utilize the funds to support the rapidly growing demand for its sensing technology and data offerings, expand its go-to-market operations, and strengthen its traction among vehicle manufacturers, insurers, tire manufacturers and more across the US, Europe, and Asia.

Who else raised in Transportation and Software around the same time

Companies in the same sectors as Tactile Mobility that raised within 45 days of this round, from Fundz verified event records.

  • SemiCab raised $850K (Seed) on January 13, 2021.
  • Bolt raised $67M on January 5, 2021.
  • Stord raised $32M on December 4, 2020.
  • 48forty Solutions raised an undisclosed amount (Private Equity) on December 1, 2020.
  • Locus Robotics raised $151M on February 19, 2021.
  • Tools for Humanity raised $6M on February 19, 2021.

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Company Information

Company

Tactile Mobility

Location

Haifa, Haifa District, Israel

About

Tactile Mobility enables the next phase of mobility development by leveraging existing vehicle sensors and artificial intelligence to equip vehicles with the missing sense of "touch." By generating, collecting, and processing data from existing in-vehicle sensors about the vehicle, road, and surrounding environment, Tactile Mobility enables OEMs, Tier-1 suppliers, insurers, and city maintenance and planning departments to offer their customers innovative products, driving efficiency and performance as well as a safe driving experience – depending on their specific objectives. Tactile Mobility was co-founded in 2012 by Boaz Mizrachi, Yossi Shiri and Alex Ackerman and is already working with several OEMs including BMW. The company is headquartered in Haifa, Israel.

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Tactile Mobility raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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