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Qualcomm and Porsche SE invest in $64M round of this Silicon Valley-based startup handling high bandwidth demands of future vehicles

Image credits: Ethernovia

Currently, vehicles include complex devices and a ton of chips all sharing and moving data. As vehicle architectures evolve to support higher data rates of advanced vehicle applications, there is a surge in the demand for improved reliability and security. Ethernovia, based out of Silicon Valley, develops a seamless, holistic, and streamlined hardware and software system. It aims to simplify the vehicle architecture with a singular chipset, reducing complexity while simultaneously enhancing security and functional safety.

Closed $64M investment

Now, Ethernovia has completed its Series A funding round by closing $64 million. The funding came from multiple investors, including Porsche Automobile Holding SE (Porsche SE), Qualcomm Ventures (that backed Shopic, Nothing and Zuddl), VentureTech Alliance, AMD Ventures, Western Digital Capital, Fall Line Capital, Taiwania Capital, ENEA Capital, and others.

The funds will be used for vehicle networks that drive down cost and complexity while improving power efficiency in next-generation architectures. Furthermore, Ethernovia will use the funds to ramp up the development of its technology, including the world’s first 7nm Multi-Gig PHY (physical layer).

“We are extremely grateful for the vote of confidence this group of industry-leading investors has given Ethernovia’s technology and vision for the future of the connected car,” said Ramin Shirani, Ethernovia co-founder and CEO. “We take great pride in developing the cutting-edge network architecture to power the car of the future. These innovations set a new industry expectation in what can be achieved in meeting the cost, power and flexibility that car manufacturers and consumers demand in new vehicles.”

Lutz Meschke, Porsche SE board of management member responsible for investment management said, “To address these central challenges of automotive transformation, Ethernovia offers technologically leading, integrated Ethernet chips with high bandwidth and advanced security solutions for the energy-efficient processing of large amounts of data. With our investment in Ethernovia, we are excited to support the world-leading experts in bringing the latest Ethernet technologies to vehicles around the world.”

“The connected car of the future requires high bandwidth and secure in-vehicle communication,” said Carlos Kokron, vice president, Qualcomm Technologies, Inc. and managing director, Qualcomm Ventures Americas. “Ethernovia’s solution transforms the automobile’s communication network by providing a reliable, standards-based, high-speed connectivity needed to enable the software-defined vehicle. We’re excited to invest in Ethernovia to accelerate the transformation of automotive.”

Ethernet system to meet demands of future vehicles

Ethernovia was founded in 2018 by Ramin Shirani and a team of experienced semiconductor innovators, including Roy Myers, Hossein Sederat, and Darren Engelkemier. The company’s technology evolves the future of automobile networks that enable autonomous driving and electrical vehicle (EV) revolutions.

The company develops an Ethernet system sophisticated enough to process the bandwidth demands of future vehicles. By unifying the vehicle network, Ethernovia’s system has the power to dramatically alter how cars are designed and built.

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