Eatron, which develops safe artificial intelligence-based smart software products for mass-production cars, was founded in 2018 by Dr Umut Genç, Can Kurtuluş and Amedeo Bianchimano. The venture, which offers battery management system software products (BMStar®) especially for electric vehicles and L2+ ADAS driver assistance software products (L2Star®) for autonomous drive, appeared before us today with the news of a new investment.
In this news, we will take a closer look at both the Eatron venture and the details of the investment they received. According to the information shared, from Hirschvogel Automotive Group's strategic investment arm, Hirschvogel Ventures, Eatron received an investment of over €1 million.
In addition to the investment, let us also add that a strategic partnership agreement has also been signed with Hirschvogel for a common vision to generate innovations in transportation, autonomous and electric vehicles for a safe, clean, and sustainable future. The received investment will be used to further accelerate the development of current and new autonomous and electric vehicles and to support the sales growth of Eatron (which currently has customers in three continents) in Europe and worldwide.
With the newly-established partnership, Eatron will also have access to the Hirschvogel New Mobility ecosystem, which consists of companies specialized in the rapidly transforming transportation sector. Eatron will multiply its solutions directed to mass production-ready software and hardware systems with these companies.
Stating that in the automotive sector, for many years the software was developed with simple methods based on rules, the co-founder and CEO of Eatron, Dr Umut Genç said their mission was to accelerate the transformation by providing smart and also safe, artificial intelligence-based software solutions for battery management and autonomy and therefore they were happy that Hirschvogel was with them at this exciting and difficult journey.
Continuing its operations both in Warwick, the UK and İTÜ ARI Teknokent in İstanbul, Turkey, Eatron is managed by a team of 16 people. Eatron, which was founded in 2018 with a €680.000 investment from ACT Ventures, closed 2019 with a turnover of €350.000.
The total investment to date received by Eatron, which wants to outrival its international competitors by combining the worlds of automotive, software, and artificial intelligence in a manner suitable to industrial standards, is over €2 million.
The venture, which generates income by licensing safe artificial intelligence-based smart software solutions to vehicle producers and automotive sub-industry, aims to become a leading company in the world in the field of smart automotive software.