What does Ottometric do?
Ottometric is a software company that automates and streamlines the validation and training processes for Advanced Driver Assistance Systems (ADAS), helping OEMs, Tier-1, and Tier-2 suppliers improve driver safety, gain competitive advantages, and maintain compliance with evolving regulations.
How much did they raise?
The company secured $10M in a Series A round, which was led by Schooner Capital with participation from Rally Ventures, Proeza Ventures, PS27, and Somersault Ventures. Additionally, Orhan Gazelle from Schooner Capital joined Ottometric's board, underscoring the strategic support behind the deal.
What are their plans for the money?
With the new funds, Ottometric plans to accelerate the development of its ADAS validation platform. This investment is expected to enhance the efficiency of automotive safety systems and drive innovation in the rapidly evolving ADAS space.
What have they achieved so far?
Led by CEO Joseph Burke, Ottometric has already made significant progress by establishing a robust ADAS validation solution that supports OEMs and suppliers, setting the stage for further growth and market impact.
