California, U.S.A-based leading automotive software company that is accelerating vehicle innovation towards software-defined vehicles, Sonatus, raised USD 75 million in recent funding. The second round of financing took place on December 7, 2022. The world’s largest electronics manufacturer and global technology company Hon Hai Technology Group (Foxconn) led the financing for the firm.
Purpose of financing for Sonatus
With the latest capital injection, Sonatus aims to expand growth and its mission to deploy software-defined vehicle technologies into new markets as well as additional customers.
The company’s total funding now amounts to more than USD 110 million.
What the co-founder has to say
Jeffrey Chou, co-founder and CEO, Sonatus, said, “We are thrilled with the progress Sonatus has achieved in the past year and a half. It is meeting and exceeding our plans and growth targets. Moreover, it keeps delivering on the milestones we committed to our partners and customers. With this new fundraising round, we have the resources to significantly expand our growth and further our mission to deploy software-defined vehicle technologies into new markets as well as additional customers. The potential benefits of dynamic software in cars is only just beginning. Sonatus is ideally positioned to accelerate vehicle software innovation into the future.”
What the investor has to say
Eric Yeh, Senior Director, Software Development Center, Foxconn, further said, “Foxconn’s vision is expanding into the EV market. We intend to produce brand agnostic automotive solutions as we have successfully done in other industries from PCs to mobile phones. Sonatus has an impressive track record of delivering in-vehicle and cloud software solutions into volume production. Besides, it is a strategic partner with the right synergy to provide seamless integration between automotive software and hardware.”
About the company
In 2018, Founders Jeffrey Chou and Yu Fang launched Sonatus. The company has grown its team by significant numbers. Besides, it boasts a presence across regions such as France, Italy, Japan and China. It aims to focus on further growth and deployment of products and solutions into additional applications, regions, partner projects and end customers.
The company’s platforms and products serve as the key building blocks enabling automotive companies and their ecosystem to innovate faster and deliver continuous improvements in costs, capabilities, reliability, and user experience over the vehicle lifespan. Sonatus’ award-winning software platform is in production vehicles from Hyundai, Kia and Genesis and will be on the road in millions more vehicles in 2023.
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