HERZLIYA, Israel, Dec. 13 (Korea Bizwire) — Upstream Security, pioneer of the cloud-based cybersecurity platform for connected cars and autonomous vehicles, today announced the closing of $9 million in Series A funding, led by CRV (Charles River Ventures). The round included expanded investments from Israeli-based Glilot Capital Partners and Maniv Mobility. Following a $2 million [...]
SEOUL, Feb. 20 (Korea Bizwire) – A study by the Institute for Information & Communications Technology Promotion revealed Monday that 51 connected car companies in Korea spend a disappointing average of 980 million won ($854,148) on research and development each year. The figure is 2.7 percent of average sales revenue estimated at 36.37 billion won, [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. said Wednesday that it has agreed to jointly develop connected cars with China’s Guizhou Province. A memorandum of understanding (MOU) for cooperation was signed Tuesday between the South Korean automaker and Guizhou’s provincial government. Under the agreement, the two sides will first [...]
SEOUL, Nov. 1 (Korea Bizwire) – Two Hyundai Motor Group affiliates – Hyundai Motor Company and Kia Motors – unveiled their latest project on Monday, the development of an exclusive operating system for connected cars dubbed the Connected Car Operating System (ccOS). The new operating system is a software platform that will have the capacity [...]
SEOUL, April 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, said Tuesday that it has reached an agreement with Cisco Systems Inc., a U.S.-based networking leader to cooperate on the development of key technologies for connected cars, as part of efforts to stay ahead of global rivals in the car-of-tomorrow segment. Under [...]
SEOUL, Feb. 23 (Yonhap) — South Korea’s mobile carrier LG Uplus said Monday it will start selling its new smart navigation platform overseas as part of its broader efforts to set foot in global market with Internet-of-Things (IoT) technology. The Car Link, developed in collaboration with a local platform operator, is based on a “mirroring” service, which [...]
SEOUL, Jan. 28 (Korea Bizwire) — Hyundai Motor Company is teaming up with Baidu, China’s largest Internet portal, to venture into one of the most promising fields in the global automotive market: the connected car business. The Seoul-based car manufacturer announced on January 27 that China’s top search engine would participate in efforts to sell cars [...]
CAMPBELL, Calif., Jul. 16 (Korea Bizwire) — Market research firm Infonetics Research released excerpts from its new Connected Car M2M Connections and Services market size and forecasts report, which focuses on the telecom-related services available for automotive applications, fleet management, and telematics, as well as the business models and trends that are driving the connected [...]
SEOUL, June 29 (Korea Bizwire) – LG Electronics (LG) became the newest member of the Open Automotive Alliance (OAA), joining global automakers and technology companies including Google, General Motors, Hyundai, Honda, and NVIDIA. From 2012, the alliance has been dedicated to introducing greater connectivity into cars through the innovative application of the Android platform. LG showcased [...]