Nexar to Acquire Veniam

AI mobility and smart car dashboard camera company Nexar will acquire Veniam, a provider of intelligent networking for the internet of moving things. With the acquisition, Nexar will combine vision data — captured and processed from billions of miles of driving — with Veniam’s communication technology at the edge.

According to Nexar, the company turns cars into vision sensors to understand the world. Crowd sourced images and detections collected from dashboard cameras developed by Nexar are processed to create and continually update a real-time digital twin of America’s roads and cities. Many data applications are powered by this digital twin, including applications helping to train autonomous cars for extreme driving scenarios, map out the changing road infrastructure, monitor in real time locations of construction zones and available street parking, and identify roads in need of repair.

Veniam’s software platform allows devices in cars to connect with each other as well as the internet. The technology turns the cars themselves into internet access points for other devices, creating a mesh network capable of sharing data and internet connectivity across hundreds of thousands of devices and cars.

“Veniam is a natural fit for Nexar,” said Eran Shir, co-founder and CEO of Nexar. “With Veniam we will continue scaling our data footprint and be able to expand our offering to OEMs.”

Nexar expects the combination to increase the reach and decrease the costs of rich mobility applications and the real-time mapping of the physical world.