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Blackberry Launches $50-Million Fund for Autotech Startups

May 4, 2021


Blackberry has announced its launch of the Blackberry IVY Innovation Fund, which provides funding for autotech startup companies. In December 2020, Blackberry announced that it was joining forces with Amazon Web Services (AWS) to launch a scalable, cloud-based software platform called Blackberry IVY, which allows automakers to read vehicle sensor data, normalize it, and create actionable insights from that data. Blackberry asserts that this technology addresses a critical data access, collection, and management problem in the automotive industry.

The Blackberry IVY Innovation Fund supports autotech startups with an initial investment of up to $50 million. It also gives companies access to the Blackberry IVY platform and Blackberry’s automotive and cybersecurity experts who have shipped code to over 175 million active vehicles. Further, the fund allows these companies to take advantage of $100,000 in AWS credits through AWS Activate, a program that has helped hundreds of thousands of early stage startups accelerate their growth and development.

In their press release, Blackberry states that the fund “underscores BlackBerry’s commitment to developing the BlackBerry IVY ecosystem to allow OEMs, smart mobility providers, fleet operators, and developers alike to leverage the rich insights from the next generation of intelligent connected vehicles.”

Author: Brennan Caldwell


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