About PlaxidityX
PlaxidityX is a company based in Ramat Gan (Israel) founded in 2014. PlaxidityX has raised $30 million across 5 funding rounds from investors including Magna International, Allianz and European Union. PlaxidityX operates in a competitive market with competitors including RemotiveLabs, Rajd SysTech, Raiqon, iASYS and Driverly, among others.
- Headquarter Ramat Gan, Israel
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 5 rounds
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Latest Funding Round
$701.22 K (USD), Grant
May 01, 2019
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Investors
Magna International
& 7 more
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Employee Count
Employee Count
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Funding Insights of PlaxidityX
PlaxidityX has successfully raised a total of $30M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $701.22 thousand completed in May 2019. 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 5
- Last Round Grant — $701,221
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First Round
First Round
(23 Sep 2014)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Grant - PlaxidityX | Valuation |
investors |
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| Apr, 2017 | Amount | Grant - PlaxidityX | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - PlaxidityX | Valuation |
investors |
Investors in PlaxidityX
PlaxidityX has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Magna International, Allianz and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage Israeli startups are invested in by Magma Venture Partners.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in Israel
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Founded Year | Domain | Location | |
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Venture capital funds are managed to support unlisted companies' growth.
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Founded Year | Domain | Location |
Investments & Acquisitions by PlaxidityX
Financial Statements - PlaxidityX
Plaxidityx Comparisons
Competitors of PlaxidityX
PlaxidityX 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 RemotiveLabs, Rajd SysTech, Raiqon, iASYS and Driverly, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of software development tools for automotive engineering and testing
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| domain | founded_year | HQ Location |
Proving ground management systems are developed for vehicle testing.
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| domain | founded_year | HQ Location |
AI platform automates automotive R&D processes like requirements and testing.
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| domain | founded_year | HQ Location |
Testing and data management platforms are provided for automotive dealers.
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| domain | founded_year | HQ Location |
Driving habits are monitored via AI-powered insurance app.
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Frequently Asked Questions about PlaxidityX
PlaxidityX was founded in 2014.
PlaxidityX is headquartered in Ramat Gan, Israel. It is registered at Ramat Gan, Tel Aviv District, Israel.
PlaxidityX is a funded company, having raised a total of $30M across 5 funding rounds to date. The company's 1st funding round was a Grant of $85.23K, raised on Sep 23, 2014.
PlaxidityX was founded in 2014 in Ramat Gan, Israel, within the automotive sector. Cyber security solutions are delivered through a platform that includes various products and services. These are designed for vehicle manufacturers and suppliers to address threats to fleets. Operations focus on enhancing protection against cyber risks in connected vehicles, with services tailored to industry needs across global markets.
PlaxidityX's top competitors include Driverly, RemotiveLabs and iASYS.
PlaxidityX has 8 investors. Key investors include Magna International, Allianz, European Union, Magma Venture Partners, and Vertex Ventures Israel.