What is Xevo?
Founded in 2000 and headquartered in Bellevue, Washington, Xevo operates as a key automotive supplier specializing in advanced connected car software and intelligent user interface solutions. The company's focus on enhancing the in-vehicle digital experience positions it at the forefront of automotive innovation, integrating sophisticated software to create seamless and intuitive smart user experiences for drivers and passengers. This strategic direction is supported by substantial capital infusions, enabling Xevo to drive advancements in automotive technology.
How much funding has Xevo raised?
Xevo has raised a total of $47.3M across 5 funding rounds:
Series B
$20M
Series A
$8M
Corporate Investment
$5M
Corporate Investment
$10.2M
Private Equity
$4.1M
Series B (2000): $20M with participation from KPMG, Portal Software, and Cisco
Series A (2013): $8M led by Intel Capital and Shaw Ventures
Corporate Investment (2016): $5M supported by Mirai Creation Fund
Corporate Investment (2016): $10.2M featuring Mirai Creation Fund
Private Equity (2017): $4.1M, investors not publicly disclosed
Key Investors in Xevo
Intel Capital
Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies. Intel Capital curates thousands of business development introductions each year.
Mirai Creation Fund
SPARX Asset Trust & Management Co Ltd is a company that operates in the Insurance industry. It employs 50to99 people and has 5Mto10M of revenue. The company is headquartered in Osaki, Tokyo, Japan.
Cisco
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol-based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, data center products, and wireless access points for use in voice, video, and data applications.
What's next for Xevo?
With a history of significant capital raises, including substantial private equity and corporate investments, Xevo is well-positioned for continued expansion and technological development. The recent strategic investment signals a strong confidence from backers in Xevo's trajectory and its capacity to innovate within the rapidly evolving connected car market. Future endeavors will likely focus on further enhancing its software platforms, expanding its market reach, and potentially exploring new integrations and partnerships to solidify its leadership in smart automotive user experiences.
See full Xevo company page
