Yamaha has bought a tech startup that develops networks for autonomous road vehicles. The Japanese manufacturer most famous for its motorcycles made an investment of $2 million into Silicon Valley startup company Veniam.
The company says this investment represents the first opportunity explored by its new business subsidiary, Yamaha Motor Ventures and Laboratory Silicon Valley (YMVSV), which began operations in Silicon Valley in August 2015.
Veniam is engaged in the service provision and communication hardware development and sale of wireless mesh networking, a technology that is suited to communication between moving vehicles, and between moving vehicles and stationary objects.
In other words, Veniam has developed technology which provides fleets of vehicles with network connectivity for vehicle telemetry and communications, as well as internet access to passengers in the car. [Read more…] about Yamaha buys into autonomous vehicle tech startup