Auto tech startups struggle to gain traction

WHY AUTO TECH STARTUPS HAVEN’T BEEN A HOT INVESTMENT LATELY: 240 different startups focused on connected and autonomous car technologies have raised just over $5 billion from both corporate and private investors in recent years, according to a new Reuters analysis of funding in the space. But that is just a fraction of the money that has been spent on these technologies — Reuters estimated that automakers and tech giants have collectively spent $40-50 billion on developing autonomous and semi-autonomous car technologies. Investors interviewed by Reuters were split on whether auto tech startups will start to capture more of the money being spent on these technologies soon.

MOBILEYE ACQUISITION ALREADY PAYING DIVIDENDS FOR INTEL: Chip designing giant Intel discussed its recent acquisition of Israeli advanced driver assist system (ADAS) designer Mobileye on its Q3 Earnings call late last week. The company announced the $14.5 billion acquisition back in March.

PARROT HOPES NARROW FOCUS WILL FUEL TURNAROUND: French drone manufacturer Parrot has unveiled two new aircraft, Engadget reports.

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