DriveU.auto raises $4M (Israel)

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Israel-based DriveU.auto, developers of connectivity platform for autonomous vehicle teleoperation, has raised $4 million in a funding round; the company said in a statement.

The investment was led by Zohar Zisapel, Two Lanterns Venture Partners, Yigal Jacoby, Kaedan Capital. Existing shareholder Francisco Partners also joined the round

In another development, DriveU.auto has appointed Alon Podhurst as the company’s chief executive.

[Image courtesy: DriveU.auto]