Silicon Valley News Update
Week Ending February 24, 2017
This week we saw some interesting developments across the Automotive ecosystem and beyond. Some are some key highlights:
- New Lexus LS has some world first safety features. Read More
- Driverless cars: Google patents car that ‘prevents harm’ in accidents. Read More
- How will self-driving cars make life or death decisions? Read More
- 3D LIDAR company, Tetravue receives $10 million to bring technology to autonomous car industry. Read More
- Apple acquires Israeli company; strengthens iPhone 8 facial recognition feature. Read More
- Japanese startup, Trillium positions itself for automotive security. Read More
- Mobileye signs with BMW; equips NYC ride-share cars. Read More
- Tesla sign a futures deal to deliver autonomous vehicles. Read More
- GM releases impressive real-world self-driving demo of Cruise’s Bolt EV prototype. Read More
- GM and Lyft to deploy largest fleet of driverless vehicles in the market. Read More
- Volvo Penta launches new power generation engines. Read More
- Tesla owners get new companion app. Read More
- Ford doubles down on self-driving cars. Read More
- Is Tata Motors joining hands with Volkswagen or is Ford buying it out? Read More
- Lyft has found a new way to boost ridership among car owners. Read More
- No, GM isn’t going to buy FCA. Read More
- Alphabet’s nascent ride-sharing service ups the ante against Uber. Read More
HMP Commentary:
In the Silicon Valley, this month, we continue to witness strong investments and interest in autonomous driving segment, specifically as it relates to security. Lexus, Google and Trillium, a Japanese start-up all had news in this area. As mentioned in our last report, 3D LIDAR is also a very hot topic, this week Tetravue, announced it just took a new $10M investment. We continue to witness major initiatives for driverless vehicles and autonomous driving in general. Tesla, GM, Lyft and Ford all had news in this area. Finally, Alphabet announced it is starting its own ride-sharing service and therefore will become is direct competitor with Uber and Lyft.
About Harvest Management Partners LLC:
Harvest Management Partners LLC is a Silicon Valley based investment bank, specializing in company financial assessment, advisory services, plan of action development, strategic marketing, and worldwide negotiation of mergers and acquisitions. Since 2010, Harvest Management Partners has assisted over 40 technology clients within the software, semiconductor, security, IP and automotive electronics sectors. They are also the exclusive Silicon Valley advisors for Fiat Chrysler Automotive (NYSE: FCAU) and TE Connectivity (NYSE: TEL). With a combined history of 60+ years of direct operational experience and relationships with venture capitalists and C-Level executives worldwide, Harvest Management Partners is well positioned to provide a comprehensive set of unique services for their clients. For more information, visit www.harvestmp.com