Hyundai Invests in Autonomous Vehicle Chipset Developer Autotalks
The investment in Israel-based Autotalks is in the single-digit millions
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Hyundai said Tuesday that it has invested in Autotalks Ltd., an Israel-based developer of communication chipsets for autonomous driving.
An electric car made by Hyundai. Photo: Amit Sha'al
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The South Korean automaker did not announce the terms of the deal, but a spokesman for Autotalks told Calcalist that the investment is in the single-digit millions of dollars.
![An electric car made by Hyundai. Photo: Amit Sha'al An electric car made by Hyundai. Photo: Amit Sha'al](https://pic1.calcalist.co.il/PicServer3/2018/06/03/821897/CAL093654_l.jpg)
Hyundai said the funding is intended to help Autotalks further develop its technology, which enables vehicles to communicate with drivers, other vehicles and infrastructure.
Founded in 2008, Autotalks raised $80 million in four prior funding rounds from investors including Gemini Israel Ventures, Magma Venture Partners, Mitsui & Co. Global Investment Ltd, Amiti Ventures LLC, and Liberty Media Corporation.
The company is headquartered in a rural town in Israel and has additional offices the U.S., Europe and East Asia.