Eatron, a Warwick, England, UK-based intelligent automotive software platform provider, raised $11 million in a Series A funding round led by MMC Ventures, with participation from Aster Capital and Vinfast.
The company intends to use the funds to expand the platform with additional partnerships for third-party software modules and semiconductor & hardware component suppliers, accelerate the development and deployment of new embedded and cloud-based intelligent features, as well as grow the development teams in the UK, Turkey, and China.
Company: Eatron Technologies Ltd
Raised: $11.0M
Round: Series A
Funding Month: November 2021
Lead Investors: MMC Ventures
Additional Investors: Aster Capital and Vinfast
Company Website: https://eatron.com/
Software Category: Intelligent automotive software platform
About the Company: Founded in 2018 by Dr. Umut Genc, CEO, Eatron has developed a software platform – spanning from the edge to the cloud – to drive innovation in the continuous optimization of performance, efficiency, and safety of software-defined electric vehicles. The platform currently offers differentiated software applications for battery management (BMS), intelligent motion control, and advanced driver assistance (ADAS) for serial production. Each Eatron software application running on the edge is powered by AI and designed to have a cloud counterpart with analytics, offering OTA updates and continuous software improvements to achieve performance and reliability over the lifetime of the vehicles.
Source: https://www.finsmes.com/2021/11/eatron-raises-11m-in-series-a-funding.html