Otonomo’s new, powerful mobility intelligence platform unifies connected vehicle, mobility and transportation data for actionable insights.
Today, Otonomo announced that it has acquired Neura, Inc, (Neura), a leader in AI-powered Mobility Intelligence. Otonomo acquired 100% of Neura outstanding equity interests. Otonomo expects this acquisition to expedite Otonomo’s growth and to contribute positively to Otonomo’s revenue moving forward.
Otonomo’s newly expanded mobility intelligence platform will leverage Neura’s advanced analytics powered by patented Artificial Intelligence (AI) and Machine Learning (ML) technologies and diverse multi-layered data.
In addition, today, Otonomo announced the launch of new solutions, leveraging Neura technologies, that will provide transportation planners, EV service providers, MaaS providers, fleets and others, with the actionable multimodal and mobility insights required for the effective planning and operation of expedient and sustainable transportation networks.
We believe the mobility and transportation industries are clamoring for deeper visibility into mobility and multimodal transportation needs on a local and global scale. Otonomo aims to empower organizations across the mobility, transportation, and automotive ecosystem to drive strategic, data-driven decisions by transforming vast amounts of rich, accurate data and activity signals into actionable and valuable insights.
The acquisition of Neura reinforces Otonomo’s leadership in the mobility, transportation, and automotive data space. In response to Otonomo’s customer and market needs, we can now provide increased value and the required deeper and more holistic view of mobility. Otonomo is excited to expand its portfolio of SaaS offerings to include vertical-specific intelligence solutions. This elevates the Otonomo platform into an impactful solution for the wider mobility, transportation, and automotive industries.
Amit Hammer, CEO of Neura, and newly appointed EVP Operations at Otonomo said, “The synergy between Otonomo and Neura holds great promise for the mobility and transportation ecosystem. We are merging Otonomo’s rich, ground-truth vehicle data from automotive manufacturers, and our advanced data platform and marketplace, with Neura’s diverse mobility analytics, insights and intelligence solutions. Going forward, Otonomo intends to provide effective solutions for the most pressing planning, deployment and operation challenges of EV service providers, MaaS providers, fleets and others.”
Otonomo is leading the mobility intelligence evolution by driving a safer, better and cleaner mobility experience that aims to enable sustainable cities, reduced carbon footprint, and decreased traffic congestion. Otonomo’s data and intelligence solutions will eliminate the guesswork and empower true change across the mobility and transportation landscape. With accurate data, insights and intelligence solutions geared for impact, mobility and transportation providers will be able to shift to providing tailored services to both the riding and driving community.
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Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Otonomo, the anticipated technological capability of Otonomo, the anticipated benefits of the acquisition of Neura, the amount and timing of synergies from the acquisition of Neura, the markets in which Otonomo operates and Otonomo’s projected future financial and operational results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to identify and realize additional opportunities, the ability to successfully integrate Neura, and potential changes and developments in the highly competitive data marketplace. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Otonomo’s final prospectus filed with the SEC on July 21, 2021 and other documents filed by Otonomo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Otonomo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Otonomo gives no assurance that it will achieve its expectations.