Otonomo Considered One of Leading Global “Emerging Startups for Data as a Service”
Herzliya, Israel – 17, August, 2020 – Otonomo, the leading automotive data services platform provider, is delighted to announce that Tracxn, a noted research firm that provides data on startups for venture capitalists and corporate development offices, has named Otonomo in its Emerging Startups of Data-as-a-Service (DaaS) List, the latest in the Emerging Award series that recognizes the top companies in DaaS from across the globe.
Tracxn named Otonomo and 10 other companies from around the world as a “Soonicorn” (Soon to be a Unicorn). The DaaS category has over 3,300 startups that provide on-demand data based on criteria, according to Tracxn. In business, being termed a unicorn indicates a privately held startup company is valued at over $1 billion. “The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.”
According to Tracxn, the Soonicorns “are the handful of highly valued startups that have successfully grown out of their nascency to attract valuations of over a few hundred millions. Watch out for these companies in the coming years as they take on the journey to becoming the elite Unicorns.”
“On behalf of our investors, board and employees, I am honored to accept the designations of ‘Emerging Startup’ and ‘Soonicorn’ from Tracxn,” said Ben Voklow, founder and CEO of Otonomo. “Otonomo joins elite companies on this list, and we will continue to work diligently to live up to this honor. Since its founding in 2015, Otonomo has been focused on building a data ecosystem for OEMs, fleets and service providers to deliver connected vehicles data that is normalized and enriched, to accelerate time to market for new services that improve the in-and-around the car experience.”
Today, the Otonomo’s data platform securely ingests over 3 billion data points from more than 22 million global connected cars. Application developers and service providers can easily access Otonomo’s data via a straightforward API or download data from the platform.
About Otonomo
Otonomo fuels a data ecosystem of OEMs, fleets and more than 100 service providers. Our platform securely ingests more than 3 billion data points per day from over 22 million global connected vehicles, then reshapes and enriches it, to accelerate time to market for new services that improve the in-and-around the car experience. Privacy by design and neutrality are at the core of our platform, which enables GDPR, CCPA, and other privacy-regulation-compliant solutions using both personal and aggregate data. Use cases include emergency services, mapping, EV management, subscription-based services, parking, predictive maintenance, insurance, media, in-vehicle services, and dozens of smart city solutions. Otonomo has an R&D center in Israel, and a presence in the United States, Europe, and Japan. More information is available at otonomo.io.
For further information, contact:
Jodi Joseph Asiag, Head of Content and Communications
jodija@otonomo.io
