About Otonomo
Otonomo is a company based in Herzliya (Israel) founded in 2015 was acquired by Urgently in February 2023.. Otonomo has raised $96 million across 6 funding rounds from investors including Urgently, SK and Bessemer Venture Partners. Otonomo has completed 2 acquisitions, including The Floow and Theneura. Otonomo operates in a competitive market with competitors including Mojio, Telenav, Smartcar, Sonatus and Airlinq, among others.
- Headquarter Herzliya, Israel
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Sectors
Transportation, Automotive & LogisticsTechnology
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Email
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Phone
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Website
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Social
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Funding Insights of Otonomo
Otonomo has successfully raised a total of $96M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $122.64 thousand completed in November 2022. 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 Total Funding
- Total Rounds 6
- Last Round Grant — $122,637
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First Round
First Round
(01 Nov 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Grant - Otonomo | Valuation |
investors |
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| Apr, 2020 | Amount | Series C - Otonomo | Valuation | SK , Avis Budget Group | |
| Apr, 2019 | Amount | Series C - Otonomo | Valuation | SK |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Otonomo
Otonomo has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Urgently, SK and Bessemer Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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StageOne Ventures is focused on seed-stage investments in tech startups.
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Founded Year | Domain | Location | |
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Early-stage tech and offline focused VC firm investing in Israel and the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Otonomo
Otonomo has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include The Floow and Theneura. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of telematics data for insurance
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2012 | ||||
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User insights are personalized and contextualized to enhance engagement.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Otonomo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Otonomo Comparisons
Competitors of Otonomo
Otonomo 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 Mojio, Telenav, Smartcar, Sonatus and Airlinq, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-connected device and platform for cars
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| domain | founded_year | HQ Location |
Connected car platforms and navigation solutions are provided by Telenav.
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| domain | founded_year | HQ Location |
Provider of SaaS-driven API platform for connected car data
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| domain | founded_year | HQ Location |
Cloud-enabled in-vehicle connectivity and data management solutions are provided.
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| domain | founded_year | HQ Location |
IoT and SaaS-based provider of application development solutions for connected ecosystems
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Otonomo
Frequently Asked Questions about Otonomo
When was Otonomo founded?
Otonomo was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Otonomo located?
Otonomo is headquartered in Herzliya, Israel. It is registered at Herzliya, Central District, Israel.
Is Otonomo a funded company?
Otonomo is a funded company, having raised a total of $96M across 6 funding rounds to date. The company's 1st funding round was a Series C of $10M, raised on Nov 01, 2016.
What does Otonomo do?
Otonomo was founded in 2015 in Herzliya, Israel, as an online platform focused on the automotive sector. Data from vehicles is collected from various sources to build databases covering traffic patterns, road signs, hazards, and electric vehicle information. Services such as perception analysis, vehicle diagnostics, data integration, and auditing are provided. These tools support applications in traffic management, emergency response, insurance, and predictive maintenance.
How many acquisitions has Otonomo made?
Who are Otonomo's investors?
Otonomo has 14 investors. Key investors include Urgently, SK, Bessemer Venture Partners, Hearst, and Avis Budget Group.
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