H1'16 auto tech funding data. Big auto vs. Silicon Valley, continued. Google gets legal.
Hitting the gas
Last week, we laid out the case against writing off major automakers prematurely, even though many have been beaten to the punch by tech corporations and startups alike.
Major automakers have awoken to the threats they face, and are responding vigorously to protect their space against the encroachment of tech players. They are reallocating budgets, spending heavily to both shore up R&D defenses and mount offensives with tech investments, acquisitions, and partnerships.
In the second half of our two-part series, we examine advantages that big auto still might hold over newer rivals in the near-term, such as data collection, manufacturing at scale, and global distribution.
As mentioned above, corporations are increasingly looking to private markets as a source of auto tech innovation. Investors have no doubt noticed auto tech’s high-profile exits in 2016 to date, and are also hunting for opportunities to capitalize on.