The Aviva Technology has raised about $26.5 million in a Series A funding. This is led by Sehat Surtardja & Weili Dai, The Marvell Technology Group. This will help the company to speed up product development and expand sales and marketing for the high speed data movement for car communications. A total of $33 million has been raised by the company for the purpose so far.
CHANGE IN DRIVING
This industry is undergoing different transformation that is powered by the new technologies, rapid changes and advancements have been made in the autonomous system and telematics and infotainment.
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Due to this pandemic the shortage of semi conductor took place that it will curb auto sales by $100 billion in the year 2021. Secured vehicle connectivity chips were being made by the Aviva so now it can move the information by multi-gigabit speed. Meeting the performance, power, security and the cost requirements of the market place.
In California, David Young leads the Aviva links division. He says that the demand for the Aviva technology is rapidly growing. The car makers design the vehicles as autonomous driving and other applications. The data can be send and receive in nano seconds in such types of car, with high accuracy.
VISION OF THE INDUSTRY
The chips that are made by the Aviva industry are advanced and digital communication techniques used in it facilitate low latency data movement at very high speed. Chips that are made now, are for the purpose of self driving car that only required basic functionality for human vision.
Now the total amount raised by the Aviva technology is about $33 million, for the high speed automotive networking technology. The funding made by Aviva industry, can speed up product development, and expand sales and marketing, and the technology for the high speed data transfer solutions that continue to grow in the industry of Auto.
The industry developing the ethernet based connectivity, solutions for the autonomous driving system, Multi gigabit transfer for the connected vehicles. The data transferred in high speed ways is clearly going to be at the heart of modern vehicles. For the autonomous driving vehicles that speed for the data transfer is about 4TB per hour.
Nowadays the vehicles are almost having the connected devices, that are equipped with the autonomous driving capabilities. This Aviva funding is just for this purpose to make the autonomous driving cars more effective and connected.
