Ethernovia, a start-up based in San Jose, California, raised $64 million in Series A funding for its work in connectivity for software-defined vehicles (SDVs).
Ethernovia, which was founded in 2018 by RaminShirani and a team of experienced semiconductor innovators, is developing a seamless, holistic and streamlined hardware and software system with advanced networking features. The team includes Roy Myers, senior vice president of engineering; Hossein Sederat, chief technology officer; and Darren Engelkemier, vice president of silicon engineering; Christopher Mash, vice president of business development, and Klaas Bult, vice president of data acquisition.
Investors include Porsche Automobile Holding SE (Porsche SE), Qualcomm Ventures, VentureTech Alliance, AMD Ventures, Western Digital Capital, Fall Line Capital, Taiwania Capital, ENEA Capital and others.
“We are extremely grateful for the vote of confidence this group of industry-leading investors has given Ethernovia’s technology and vision for the future of the connected car,” said Ramin Shirani, Ethernovia co-founder and CEO. “We take great pride in developing the cutting-edge network architecture to power the car of the future. These innovations set a new industry expectation in what can be achieved in meeting the cost, power and flexibility that car manufacturers and consumers demand in new vehicles.”
“The trends towards electrification and connectivity in the automotive industry as well as developments in the field of automated driving result in ever increasing requirements on fast and secure data transmission from a wide variety of sources in vehicles and to the cloud,” said Lutz Meschke, Porsche SE board of management member responsible for investment management. “To address these central challenges of automotive transformation, Ethernovia offers technologically leading, integrated Ethernet chips with high bandwidth and advanced security solutions for the energy-efficient processing of large amounts of data. With our investment in Ethernovia, we are excited to support the world-leading experts in bringing the latest Ethernet technologies to vehicles around the world.”
