Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million

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OAKLAND, California : Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others.As automakers pivot to electric vehicles with more driver ass

OAKLAND, California : Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others.

Ramin Shirani, Ethernovia's co-founder and CEO, said he started the company in 2018 to build a single ethernet network in the car that would be the backbone for these new vehicles.

 

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