Vehicle network startup Ethernovia raises $64 million

Vehicle network startup Ethernovia raises $64 million

Business news |
By Peter Clarke

Ethernovia Inc. (San Jose, Calif.), a 2018 startup working on the sensor, computing and communications aspects of vehicle networks, has raised $64 million in Series A funding.

The round includes multiple investors, including: Porsche Automobile Holding SE, Qualcomm Ventures, VentureTech Alliance, AMD Ventures, Western Digital Capital, Taiwania Capital and others.

The company was founded by Ramin Shirani CEO; Roy Myers, SVP of engineering; Hossein Sederat, CTO and Darren Engelkemier, VP Silicon Engineering. Shirani was a founder at Aquantia Corp. where he spent 13 years and his earlier career was spent at several companies where he engineered Ethernet transceivers.

Ethernovia is developing a full-stack approach to software-defined vehicles, that will include rich sensor systems and sensor fusion; ECU consolidation, high-performance computing on board together with high-bandwidth internal and external communications.

“We take great pride in developing the cutting-edge network architecture to power the car of the future. These innovations set a new industry expectation in what can be achieved in meeting the cost, power and flexibility that car manufacturers and consumers demand in new vehiclesm” said Shirani in a statement.

“The trends towards electrification and connectivity in the automotive industry as well as developments in the field of automated driving result in ever increasing requirements on fast and secure data transmission from a wide variety of sources in vehicles and to the cloud,” said Lutz Meschke, Porsche SE board of management member responsible for investment management. “To address these central challenges of automotive transformation, Ethernovia offers technologically leading, integrated Ethernet chips with high bandwidth and advanced security solutions for the energy-efficient processing of large amounts of data. With our investment in Ethernovia, we are excited to support the world-leading experts in bringing the latest Ethernet technologies to vehicles around the world.”

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