German Automobile Group Daimler (Mercedes Benz) to Invest in Israeli AI Startup Anagog

German Multinational Automotive Corporation Daimler AG (Mercedes Benz) has announced its investment in the Israeli smart transportation startup Anagog.

Based on AI technology, Anagog analyses signals generated by smartphones and offers users with real time location-based information, such as vacant parking spaces and transportation services. Anagog implements big data and machine learning algorithms both guided and unguided by human operators, which predict user’s behavior and offer a wide range of customized services.

Anagog aim to optimize the mobility experience, while utilizing significant breakthroughs in protecting the users’ privacy by installing AI technology engine on smartphones without the need to transmit data to a remote server, while maintaining low battery consumption.

This significant investment is part of Daimler’s strategic plan, as they have recently set up a Mercedes-Benz R&D Center in Tel Aviv to keep up with the Israel’s growing industry of smart transportation, auto technology and autonomous driving.

RetweeTech