Breaking News

EnGenius Brings Wi-Fi 7 to Small Businesses with Affordable ECW510 Access Point DJI to Showcase New Mic 3 and Full Product Portfolio at Berlin’s IFA MSI Unveils MAG 272QP QD-OLED X50 Monitor Sony completes its INZONE gaming gear range with new headsets and more GIGABYTE Announces Availability of 27” QD-OLED Gaming Monitor AORUS FO27Q5P

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Volvo Tech Fund Invests in Israeli Technology Start-ups MDGo and UVeye

Volvo Tech Fund Invests in Israeli Technology Start-ups MDGo and UVeye

Enterprise & IT Jul 22,2019 0

Volvo Cars has made investments in two promising Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm.

Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, a so-called ‘accelerator’ for young companies in the mobility sector, since 2017. UVeye and MDGo represent the Tech Fund’s first investments outside the US and Europe.

MDGo is a company specialising in what it calls medical artificial intelligence. By using advanced machine learning technology it aims to save lives by making sure that people are treated according to their specific injury following an accident with their car.

MDGo’s technology will combine real-time data from the car during an accident with medical knowledge with the aim to make automated early and immediate predictions on the type of injuries emergency personnel are likely to encounter at the scene of the accident. This data would be transmitted to trauma physicans and emergency personnel via a cloud-based platform to improve treatment of the people involved in an accident.

The Tech Fund’s other investment, UVeye, has developed advanced technology for the automatic external inspection and scanning of cars for damages, dents and scratches. Volvo Cars is not just investing in the company, but is also looking at using UVeye’s technology for conducting full exterior inspection of cars after they roll out from production lines.

Volvo Cars believes using UVeye’s technology could further improve the quality of cars leaving the factory and ensure that even tiny faults are detected. A first pilot is intended to start later this year at its manufacturing plant in Torslanda, Sweden.

Since 2018 the Tech Fund has invested in a number of companies, including Luminar Technologies, a firm that develops advanced sensor technology for autonomous cars; Varjo, a maker of high-end augmented reality headsets; and Zum, a ride sharing service for children. Other investments include electric car charging firm Freewire and Forciot, which develops connected, printable and stretchable electronics.

Tags: volvo
Previous Post
Asus’ ROG Phone II Looks Like Mobile Gamer's Dream
Next Post
Eye on the Streaming Video Game Services

Related Posts

  • Volvo Self-driving Cars to Use Luminar LiDAR Technology

  • The Volvo Group and Daimler Truck form Joint Venture for Production of Fuel Cells

  • Volvo Starts Selling Electric Trucks for Urban Transport

  • Volvo Launches Electric Volvo XC40 Recharge

  • Volvo Cars to Reduce Carbon Emissions as the Company Promotes EVs

  • Polestar 2 to Cost About 60,000 Euros in Europe

  • NVIDIA's DRIVE Platform to Power Volvo's Driverless Trucks

  • Volvo Cars and Uber Unveil New Self-driving Vehicle

Latest News

EnGenius Brings Wi-Fi 7 to Small Businesses with Affordable ECW510 Access Point
Enterprise & IT

EnGenius Brings Wi-Fi 7 to Small Businesses with Affordable ECW510 Access Point

DJI to Showcase New Mic 3 and Full Product Portfolio at Berlin’s IFA
Drones

DJI to Showcase New Mic 3 and Full Product Portfolio at Berlin’s IFA

MSI Unveils MAG 272QP QD-OLED X50 Monitor
Consumer Electronics

MSI Unveils MAG 272QP QD-OLED X50 Monitor

Sony completes its INZONE gaming gear range with new headsets and more
Consumer Electronics

Sony completes its INZONE gaming gear range with new headsets and more

GIGABYTE Announces Availability of 27” QD-OLED Gaming Monitor AORUS FO27Q5P
Consumer Electronics

GIGABYTE Announces Availability of 27” QD-OLED Gaming Monitor AORUS FO27Q5P

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed