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Israeli Auto Data Startup Otonomo To Go Public Via Merger

by autonews.com posted 1month ago 42 views
The deal with a special-purpose acquisition company is expected to fetch the Israeli startup $307 million in cash. : Israeli automotive data startup Otonomo said Monday it would merge with a special-purpose acquisition company to go public at a valuation of $1.4 billion. The deal with Software Acquisition Group Inc. II is expected to fetch Otonomo $307 million in cash, including a $172.5 million private investment from investors such as Fidelity Management & Research Co. and BNP Paribas Asset Management Energy. The startup sources data from more than 20 million vehicles, according to its website.