Published On: Tue, Jun 29th, 2021

Connected car information startup Wejo partners with Microsoft, Palantir, Sompo

Connected automobile information startup Wejo has announced partnerships with Microsoft, Palantir and Sompo Holdings to urge a ability to collect, store and investigate information from millions of connected vehicles around a world. 

This follows a GM-backed startup’s announcement that it would be going open by merging with a special purpose merger company, Virtuoso Acquisition Corp., that is approaching to tighten after this year. A $25 million joining from Microsoft and Sompo, sum with already-committed investors GM and Palantir, move Wejo’s sum PIPE financing to $125 million. 

Palantir has been a prior vital financier in Wejo. In 2019, a program developer launched a Japanese corner try with word provider Sompo. Now this venture’s partnership with Wejo will give a startup a possibility to collect connected automobile information in Japan, and maybe a larger Asia-Pacific region. The association already has some live vehicles in Korea, though 95% of a information comes from a U.S., according to Richard Barlow, Wejo’s owners and CEO. Sompo will investigate Wejo’s connected automobile information regulating a Palantir Foundry information and analytics platform, according to a company.

“The immeasurable infancy of cars now sole globally have this ability to be connected, so there’s a outrageous opportunity,” Barlow told TechCruch. “We have 11 million live cars on a height out of a supply bottom of about 50 million vehicles. We have over 17 OEM partners live on a platform, and we’re estimate 16 billion information points a day, a rise of about 40,000 per second, that explains because we’re also vehement to be corroborated by Microsoft and to be migrating to their Azure cloud platform.”

Barlow says Wejo can see 7% of all vehicles relocating around New York, 6% around California and 20% around Detroit from partnerships with automakers like GM, Daimler and Hyundai. The association can possibly palm off raw, anonymized information — collected from vehicles with a agree of a owners — to businesses, developers or governments, or it can perform information analytics for them, that is also where a partnership with Microsoft can come in handy.

“Microsoft came adult with a unequivocally constrained resolution about how we can precedence their appurtenance training and AI capabilities to indeed yield even some-more implausible products behind to OEMs and pivotal industries that wish to use connected automobile data,” pronounced Barlow. “So Microsoft’s Azure doing that complicated lifting is unequivocally going to speed adult a business.”

According to Wejo, initial applications competence embody trade solutions, as good as remote diagnostics, integrated payments, advertising, sell and logistics. The dual companies are also deliberating a intensity of regulating Wejo for Microsoft’s mapping solutions. Barlow says mapping companies are mostly standard buyers of Wejo’s information and expects to see some-more word providers. 

“We’ve seen 11 million instances of dual vehicles entrance together, and in genuine time, we’re removing information from both those vehicles,” pronounced Barlow. “So we’re starting to preempt and know a characteristics or behaviours of before and after that collision or that communication of vehicles.”

Wejo collects information that can reconstruct a automobile crash, from how any motorist stomped on a brakes to that airbags were deployed to a speed of impact and that sensors were destroyed. It can afterwards share this kind of information behind to a insurer to assistance speed adult a claims and liberation routine and make repairs be some-more accurate, pronounced Barlow.  

All of this information demonstrating tellurian pushing behaviors in a operation of resources has been collected over a final 7 years, creation Wejo an appealing partner for companies building unconstrained technology.

The conflict for voice approval inside vehicles is heating up

About the Author