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Ethernovia Raises $64 Million in Series A Funding Round Led By Qualcomm Ventures.

Ethernovia Raises $64 Million in Series A Funding Round Led By Qualcomm Ventures.

May 16, 2023

San Jose, California – Ethernovia, a pioneering company revolutionizing automobile communication, announced today the successful completion of its Series A funding round, raising a total of $64 million. The round was led by Qualcomm Ventures, the investment arm of Qualcomm Incorporated, a global leader in wireless technology and innovation.

Ethernovia is headquartered in San Jose, California, and is at the forefront of transforming automobile communication networks. The company's groundbreaking compute, communication, and software solutions are poised to usher in a new era of car connectivity and capabilities, facilitating advancements in autonomous driving and electric vehicles (EVs).

With the support of Qualcomm Ventures' significant investment, Ethernovia aims to further accelerate its mission to revolutionize the automobile industry. The funds raised in this Series A round will be utilized to enhance the development and commercialization of their cutting-edge technologies, fostering the creation of advanced driver assistance features and services that redefine the driving experience.

Ethernovia's unique approach revolves around the integration, acceleration, and unification of sensors, computing power, and the external environment within automobiles. By bridging these elements, Ethernovia enables seamless communication and collaboration between vehicles and their surroundings, laying the foundation for a safer, more efficient, and connected driving ecosystem.

Speaking about the successful funding round, Ramin Shirani, Founder of Ethernovia, expressed his excitement and gratitude, stating, "We are thrilled to have the support and trust of Qualcomm Ventures as we embark on this exciting journey to redefine automobile communication. This funding will enable us to push the boundaries of innovation and create a future where autonomous driving and electric vehicles seamlessly coexist."

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