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Otonomo Technologies Ltd. (Nasdaq: OTMO) announced the appointment of Vered Raviv Schwarz and Jonathan Huberman to its Board of Directors. Schwarz, with 28 years of leadership and M&A expertise, previously served as COO of Fiverr and General Counsel at various tech companies. Huberman has over 25 years in high-tech leadership, including roles at Ooyala and Syncplicity. Otonomo provides a vehicle data platform, processing over 4 billion data points daily, essential for services like traffic management and predictive maintenance.
On August 16, 2021, Otonomo Technologies Ltd. (NASDAQ: OTMO) announced its management team will ring the opening bell at Nasdaq MarketSite in New York City on August 17, celebrating the commencement of its trading. CEO Ben Volkow expressed excitement about the company’s role in transforming the automotive industry through data. Otonomo’s platform processes over 4 billion data points daily from 40 million vehicles, providing GDPR-compliant solutions for various applications, including emergency services and predictive maintenance.
Otonomo Technologies and Software Acquisition Group, Inc. II (SAII) have agreed to a business combination that values Otonomo at approximately $1.4 billion equity. Post-transaction, the combined entity will trade under the ticker symbol OTMO on Nasdaq. Otonomo’s platform processes over 4 billion data points daily from 40 million vehicles, serving various sectors including fleet management and insurance. The merger will provide Otonomo with over $307 million in cash, boosting its growth initiatives. Both boards have approved the transaction, expected to close in Q2 2021, subject to shareholder approvals.