Israel-based Ottopia has announced it raised $14.5 million in a Series A funding round. The company’s mission is to enable autonomy in multiple industries, including mobility, logistics, freight, last-mile delivery, agriculture and construction. The company’s teleoperation software enables autonomous vehicles and machines to do things they otherwise cannot, while also allowing developers to cut their research and development costs, commercialize faster and comply with regulatory requirements for deployment.
With the Ottopia product, humans in a remote center can safely monitor, guide and even directly control fleets of vehicles in a safe and secure manner. The company said its patented technology is built upon several innovations in networking, video, user experience, cybersecurity, and integration with an autonomous “brain”.
The new funding round included participation from ComfortDelGro, AI Alliance Fund, and existing investors such as MizMaa Ventures, IN Venture and Next Gear Ventures.
“We’ve always believed in the potential of Ottopia,” said Aaron Applbaum, partner at MizMaa Ventures. “The team’s unwavering dedication and drive have consistently impressed us, and we’ve been honored to support them every step of the way. Ottopia’s successful Series A is a triumph that showcases their hard work and vision. They are solving for a key missing link in the future of connected, autonomous everything.”
With the new funding, Ottopia said it plans to accelerate the rollout of its teleoperation software to fulfill its mission of enabling autonomy in all industries.
“This investment in Ottopia is an important cornerstone of our future-proofing plans,” said Cheng Siak Kian, group CEO of ComfortDelGro. “Having teleoperation capabilities which will enable us to intervene and operate an AV remotely whenever needed is critical in our future operational plans.”
For more details on the company, visit the Ottopia website here.