Saturday, October 16th | 10 Heshvan 5782

February 26, 2018 10:57 am

Daimler, MizMaa Invest in Israeli Tech Startup Anagog

avatar by Reuters and Algemeiner Staff

The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, Feb. 2, 2017. Photo: Reuters / Michaela Rehle / File.

German carmaker Daimler and US venture capital firm MizMaa Ventures took part in a round of financing for Tel Aviv-based start-up Anagog Ltd, Daimler said on Monday, without providing financial details.

Daimler opened a Mercedes-Benz research and development center in Tel Aviv last year, making it one of a growing number of multinational firms seeking to tap into Israel’s auto technology expertise as the industry moves toward self-driving cars.

Anagog has developed software that analyses user behavior directly in the mobile phone, using sensors, and then predicts future scenarios on the basis of artificial intelligence.

Last year, Anagog and Daimler launched the EQ Ready App, which helps drivers decide whether it makes sense for them to switch to greener car technology by recording real journeys and comparing them with electric and hybrid vehicles.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.