Artificial Intelligence to Bio Scanners: DENSO Broadens Investment in Startups to Make the Future of Transportation a Reality
Dec. 20, 2017 News Releases Events
SOUTHFIELD, Mich. (December 7, 2017) – DENSO, one of the world’s largest automotive suppliers, plans to expand its venture capital investments in a broad range of new technologies to make a world of self-driving, truly connected cars a reality. CES 2018 will provide a glimpse of the present and future for these innovations, including both core automotive startups and innovative technologies from bio sensors to cybersecurity with potentially huge applications for the way we get around. Three successful DENSO ventures will demonstrate at the company’s CES exhibit, while the next wave of early-stage startups can pitch DENSO’s venture capital head, Tony Cannestra.
“DENSO’s vision for the future of mobility goes beyond automotive, and it will take the combination of a broad range of emerging technologies to make that vision a reality,” said Tony Cannestra, director of Corporate Ventures at DENSO. “This year we’ll look especially at companies tackling automated driving, cybersecurity and both biometric and vehicle sensors, including LIDAR and radar. Our CES meetings will play a big role in decisions over the next year.”
The CVC Group led by Cannestra typically invests between $1 – $4 million in early stage startups working on technologies that are strategically relevant to the transportation industry. Currently, DENSO has a portfolio of more than 10 startup investments and is aggressively seeking to expand its investment efforts.
Startups attending CES can sign-up for a 20-minute pitch meeting by visiting www.densomedia-na.com/cesstartups. Meetings will take place on Wednesday, January 10 and Thursday, January 11 from 1-4pm PST at DENSO’s CES exhibit in LVCC, North Hall #7917.
DENSO’s startup investments target innovative technologies with applications in connectivity, autonomous drive, shared mobility and electrification (CASE). Recently, DENSO has also announced several investments in R&D and manufacturing CASE technologies. That includes a $4.3 billion global R&D commitment and $1 billion investment in its largest US manufacturing facility to produce electrification and safety technology. DENSO’s startup investments complement R&D and production, all aiming to bring new solutions to market that benefit automakers and consumers.
About DENSO Corporation
DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.
In North America, DENSO employs 27,000+ engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 13 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2019, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/.