The combined company will serve as a global leader in transforming vehicle data into high-value insights for automakers, suppliers, and fleets
Traffilog, a leading provider of telematics, advanced diagnostics, and predictive maintenance services for commercial and passenger fleets, announced the acquisition of SafeRide Technologies, a recognized leader in artificial intelligence (AI) for the automotive industry. The consolidated company currently provides telematics and analytics services to dozens of automakers and fleets with hundreds of thousands of vehicles worldwide. The company will also continue to collaborate with automakers and Tier 1 suppliers across the globe to integrate its AI-based software products into next-generation vehicles. The consolidated company will have global-wide reach, with presence inย San Francisco,ย Detroit,ย Germany, Korea, andย Israel.
Advancements in autonomous driving, electrification, data-driven applications, and shared mobility are providing opportunities for fleet ownersย and automakersย to develop new business models. However, the resulting growth in vehicle complexity creates an abundance of challenges includingย quality issues,ย reduced operational efficiency, andย an increase inย total cost of ownership.ย In response,ย fleets,ย vehicle manufacturers,ย andย suppliersย areย seekingย new Vehicle Health Management (VHM)ย solutionsย toย reduce maintenance costs, minimize diagnostic and repair time, optimize fuel consumption, mitigate roadside repairs, and minimize downtime.
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In the midst ofย this automotiveย data and software revolution, the AI-based solutionsย enable vehicle fleets to significantly reduce operating and maintenance costsย andย enable automakers to reduceย the cost ofย vehicle development,ย improve vehicle quality, lowerย w******* claimsย costs,ย and more. The company’s productsย alsoย enable automakers and their customers to offer advanced online services and create newย business modelsย that will increase their revenue.
“Combining SafeRide’s AI and deep learning technologies with Traffilog’s data collection and management capabilities as well as its strong customer-base will enable us to take a huge step forward,”ย saidย Erez Lorber, CEO ofย Traffilog, who will remain the CEO of the consolidated company.ย “Together we will improve our value proposition for large fleets, leading OEMs, and Tierย 1 suppliers, enabling them to make data-driven decisions, develop better products, reduce costs,ย and create new growth engines.”
Traffilogย will immediately begin integrating SafeRide’sย VHMย platform into its existingย solutions and offer advanced AI-based data analytics solutions as early as next year. This offering will includeย AI-based VHM capabilities toย itsย customersย throughout the world withย a significant advantage over competingย telematicsย solutionsย andย overย standalone AIย solutionsย offered byย analytics companies.
“Traffilog’s advanced telematics and data acquisition capabilities provide access to valuable vehicle data,” saidย Yossi Vardi, SafeRide’s CEO and Co-Founder. “Integrating SafeRide’s deep learning and big data analytics technology together with Traffilog’s platform enables us to deliver best-in-class diagnostics and predictive maintenance services to vehicle manufacturers and commercial fleets worldwide.”
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