Otonomo partners with Renault Group

Mobility data platform Otonomo announced a multi-year partnership with Renault Group, which will allow the company to access vehicle data directly from the carmaker.

In other Otonomo news, the company is conducting its second round of layoffs according to a report by Calcalist. A majority of the company’s remaining 100 employees in Israel are set to be laid off.

In Q3 2022, Otonomo reported $2 million in revenue and a net loss of nearly $37 million. The company has lost ~95% of its value since going public via a SPAC merger at a $1.26 billion valuation