The company develops chips for communications between vehicles and infrastructure in autonomous cars.

Sources inform “Globes” that Autotalks is set to complete a $25 million financing round at a company value of $100 million. The Magma fund, which had already invested in Autotalk, is leading the round. An Asian financial giant has also invested in the company in this round. Autotalk, which already has offices in Japan and South Korea, has raised $40 million in three rounds to date.

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