Israel
Portugal
About the transaction
Veniam, based in Porto, Portugal, has served dozens of global companies with a software platform that allows devices in cars to connect with each other as well as the Internet. Veniam's technology turns the cars themselves into internet access points for other devices, creating a mesh network capable of sharing data and internet connectivity across hundreds of thousands of devices and cars.
The acquisition is one of the first of a Portuguese startup by an Israeli company and represents a milestone for the Portugal tech scene, which has drawn international attention as a European startup hub.
