About DriveU.auto
DriveU.auto is a company based in Kfar Saba (Israel) founded in 2019. DriveU.auto has raised $4 million across 3 funding rounds from investors including Francisco Partners, European Union and Ascend Capital Partners. DriveU.auto has completed 1 acquisition, including Ception Technologies. DriveU.auto offers products and services including DriveU 100 Series and DriveU 300 Series. DriveU.auto operates in a competitive market with competitors including Vay, Phantom Auto, Ottopia, Scotty Labs and Voysys, among others.
- Headquarter Kfar Saba, Israel
- SectorsTransportation, Automotive & Logistics
- Website driveu.auto
- Social LinkedIn X Facebook
- Legal Name Driveu Tech Ltd
- Total Equity Funding$4M (USD)
in 3 rounds
- InvestorsFrancisco Partners
& 6 more
- Investments & Acquisitions
Products & Services of DriveU.auto
DriveU.auto offers a comprehensive portfolio of products and services, including DriveU 100 Series and DriveU 300 Series.
Connectivity solution for low-speed delivery robots and logistics operations.
Platform for autonomous vehicles and remote machinery supervision.
Funding Insights of DriveU.auto
DriveU.auto has successfully raised a total of $4M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4M
- Total Rounds 3
- First Round $4M
(Jun 2020)
- Investors Count 7
All 3 funding rounds of DriveU.auto with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2023 | – | Series A | – | Ascend Capital Partners | – |
| Jan 2021 | $377,293 | Grant | – | – | |
| Jun 2020 | $4M | Series A | – | Zohar Zisapel |
7 investors in total: 5 institutional and 2 angel.
Investors in DriveU.auto
DriveU.auto has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Francisco Partners, European Union and Ascend Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital is invested in early-stage disruptors for global ventures. | – | ascend-cp.com | - | |
- | – | kaedan.com | - | |
- | – | 2l.vc | - | |
Private equity investment firm focused on technology sector | 1999 | franciscopartners.com | San Francisco, United States | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
ZZ Zohar Zisapel | Israeli tech entrepreneur, investor, co-founder of RAD Group, active in India | – | unknown_a815c95fc1b94749b | - |
YJ Yigal Jacoby | Co-founder of Any.do, angel investor in Indian startups, tech entrepreneur | – | unknown_a9072c180342487f9 | - |
Investor details for DriveU.auto
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of DriveU.auto
15 people are tracked at DriveU.auto (6 in leadership, 5 in board & advisors, 4 in team).
| Name | Role | Group |
|---|---|---|
Alon Podhurst | CEO | Leadership |
Doron Elinav | VP, Business Development, Co-Founder | Leadership |
Zohar Shem Ari | VP, Engineering | Leadership |
Limor Yosef | Director of Finance | Leadership |
Eli Shapira | Director Of Innovation | Leadership |
Ohad Dvir | Vice President Operations | Leadership |
John Harthorne | Advisor | Board & advisors |
Yigal Jacoby | Chairman | Board & advisors |
Zohar Zisapel | Director | Board & advisors |
Rodolfo Elias Dieck | Director | Board & advisors |
Jurgen Weyer | Director | Board & advisors |
Krasnoshtein Hanan (Eugene) | Senior Software Engineer | Team |
Topaz Raz | Software Engineer | Team |
Dor Tzabari | Business Development | Team |
Mika Itscovich | HR & Operation Manager | Team |
Complete people profiles for DriveU.auto
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Investments & Acquisitions by DriveU.auto
DriveU.auto has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ception Technologies.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-enabled localization for autonomous vehicles is developed using computer vision. | ception.ai | Jerusalem, Israel | 2019 | Jun 2023 | •••• |
Complete acquisition details for DriveU.auto
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Verified entity values are shown only after access is granted.
Timeline of DriveU.auto
4 dated milestones of DriveU.auto across 4 years, from founding to its latest funding, stage changes and deals.
- Founded DriveU.auto is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A,.
- Acquisition Acquires Ception Technologies.
Competitors of DriveU.auto
DriveU.auto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vay, Phantom Auto, Ottopia, Scotty Labs and Voysys, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vay.io | 2018 | Berlin, Germany | $125M | 117 | Remote-driving and autonomy services for electric vehicles are provided online. | |
| phantom.auto | 2017 | Palo Alto, United States | $90.5M | – | AI-powered remote safety support is offered for autonomous vehicles. | |
| ottopia.tech | 2018 | – | $26.5M | – | Developer of AI-powered teleoperation solutions to remotely control autonomous vehicles | |
| scotty.ai | 2017 | Menlo Park, United States | $6.06M | – | Teleoperations platform to virtually control self-driving vehicles | |
| voysys.se | 2014 | Norrkoping, Sweden | – | 6 | Software for teleoperation of vehicles, machines, and robots is provided. | |
| holo.tcc.mode | 2016 | Tbilisi, Georgia | – | – | Holographic advertising platforms | |
| roboauto.tech | 2007 | Brno, Czech Republic | – | – | Automotive technology solutions for smart vehicles are provided. | |
| guident.com | 1998 | Boca Raton, United States | – | – | Developer of AI-powered software solutions for the control and safety of autonomous vehicles |
Detailed competitors of DriveU.auto
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of DriveU.auto
The website of DriveU.auto (driveu.auto) receives about 3.9K visits a month.
- Monthly visits3.9K
▼ 9.5% vs previous month
Latest news on Driveu.Auto
Complete news archive for DriveU.auto
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
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Similar companies to DriveU.auto
10 companies that operate in the same segment as DriveU.auto (Autonomous Vehicles), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,900 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 1,800 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
SaaS-enabled hardware and software for autonomous vehicles are developed. | 2013 | San Francisco, California, United States | USD 7.72 B | – | 3,326 | |
Autonomous driving and ADAS solutions are developed for vehicles. | 1990 | Pune, Maharashtra, India | – | USD 687.99 M | 10,470 | |
AI-enabled autonomous vehicles are developed for local goods deliveries. | 2016 | Menlo Park, California, United States | USD 2.34 B | – | – | |
Indra is recognized as a global leader in transportation, air traffic, and defense solutions. | 1992 | Madrid, Madrid, Spain | USD 279.03 M | USD 6.42 B | 60,910 | |
Self-driving vehicle solutions are developed and deployed for transportation. | 2009 | Mountain View, California, United States | USD 27.1 B | – | – | |
Developer of solid-state LiDAR sensors and perception software for autonomous vehicles | 2016 | Rosh Haayin, Central District, Israel | USD 252 M | USD 55.09 M | 415 | |
AI-enabled self-driving solutions are developed for autonomous vehicles. | 2016 | Fremont, California, United States | USD 1.19 B | USD 75.06 M | 1,460 |
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Frequently Asked Questions about DriveU.auto
DriveU.auto was founded in 2019 and raised its 1st funding round 1 year after it was founded.
DriveU.auto is headquartered in Kfar Saba, Israel. It is registered at Kfar Saba, Central District, Israel.
Alon Podhurst is the current CEO of DriveU.auto.
DriveU.auto is a funded company, having raised a total of $4M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 2020.
DriveU.auto was founded in 2019 in Kfar Saba, Israel, within the autonomous vehicles sector. Hardware and software solutions are provided for teleoperation, utilizing cellular-bonding technology to enable real-time transmission of video, sensor data, and operational commands. Integration with third-party systems is supported, alongside optimized performance features, to connect remote operators with vehicles across various environments.
DriveU.auto's top competitors include Vay, Ottopia and Scotty Labs.
DriveU.auto offers DriveU 100 Series and DriveU 300 Series.
DriveU.auto has made 1 acquisition, including Ception Technologies.
DriveU.auto has 7 investors. Key investors include Francisco Partners, European Union, Ascend Capital Partners, Kaedan Capital, and Two Lanterns Venture Partners.
DriveU.auto operates through Driveu Tech Ltd.