Valeo acquires 3D image processing startup Gestigon

German 3D image processing startup Gestigon has been acquired by French connected car component maker Valeo. No terms were disclosed. Gestigon develops body and gesture recognition technology for the inside of vehicles. Valeo’s acquisition of the startup will aid its design and production of connected automotive components, such as its Driver Monitoring system, which detects […]

Finland’s Rightware acquired for €64 million by China’s Thundersoft

Rightware, an automotive software company from Finland, has been acquired by Chinese firm Thundersoft for €64 million. The deal is expected to close early next year. Rightware builds software, such as Kanzi, which is used by automotive companies to enhance the driving experience. Thundersoft, a software company based in Beijing, specialises in automotive, mobile, and […]

German Autolabs raises €2 million seed round for its digital co-driver

German Autolabs, which is developing a “digital co-driver” for cars, has raised €2 million in seed funding from Target Partners and business angels. The Berlin startup is using AI to develop a speech and gesture recognition software to help drivers stay safe on the road while also interacting with their in-car apps. The new funds […]