Investment Will Accelerate the Development of Over-The-Air Systems, a Critical Component for Connected Cars
DENSO, the world’s second largest mobility supplier, announced it has taken a $5M stake in Seattle-based Airbiquity Inc., a global leader in connected vehicle services and a pioneer in the development of automotive telematics technology. The investment will accelerate the development of over-the-air (OTA) systems for wirelessly updating automotive software from a remote location.
OTA systems have been increasingly commercialized to update the software of multimedia products, such as car navigation systems. This is critical for automakers as the industry quickly moves toward electrification and autonomous vehicles.
Airbiquity has a successful track record in delivering software products for in-vehicle multimedia products to many automakers and is also known for its ability to ensure security in OTA systems. DENSO will accelerate the development of secure and highly reliable OTA systems in cooperation with Toyota Motor and Toyota Tsusho by harnessing Airbiquity’s engineering capabilities and developmental strengthens and resources.
“DENSO envisions a future where people everywhere enjoy the freedom and convenience of mobility. That’s why we’ve been actively and aggressively investing in and teaming up with industry-leading partners like Airbiquity to deliver safe and reliable automated driving technology,” said Tony Cannestra, Director of Corporate Ventures at DENSO. “Secure OTA systems that update and control vehicle functionality are a key component in tomorrow’s connected car.”