ŠKODA AUTO invests in Israeli start-up Anagog

ŠKODA AUTO invests in Israeli start-up Anagog

› Strategic investment in the company gives ŠKODA access to new technology in the fields

of artificial intelligence and big data

› Anagog technology is already integrated in more than 100 smartphone apps to analyse

mobility patterns

Mladá Boleslav / Tel Aviv 19 July 2018 – ŠKODA AUTO has become a minority shareholder

in the Israeli high-tech start-up Anagog. The Israeli company was founded in 2010 and

develops technology in the field of artificial intelligence (AI). The technology is already used

in more than one hundred different smartphone apps.

“With our strategic investment in the high-tech start-up Anagog, we are expanding our expertise

and access to new technology. Artificial intelligence in the field of mobility plays an important role in

this,” said ŠKODA AUTO CEO Bernhard Maier, adding, “Our ŠKODA AUTO DigiLab Israel Ltd is

developing into an important catalyst on our way to becoming the Simply Clever company. Using

the technologies developed by Anagog we are in a position to better understand our customers and

to offer them tailor-made solutions as a result.”

The strategic investment in Anagog is ŠKODA AUTO’s next move in the Israeli start-up scene.

ŠKODA AUTO intends to use the products developed by the successful start-up to rigorously

extend its range of digital mobility services. The technologies developed by Anagog analyse data

from smartphone sensors and use these to create movement patterns. At Anagog, the data are

processed by unique AI software. The technology is currently already used in more than one

hundred different smartphone apps.

ŠKODA AUTO’s strategic partner and importer Champion Motors has contributed to the

investment. The company is a technology investor and, together with ŠKODA AUTO, founded the

joint venture ŠKODA AUTO DigiLab Israel Ltd at the end of 2017.

Anagog CEO Ofer Tziperman said, “We are proud to have the opportunity to work with a partner as

strong as ŠKODA AUTO. Together, we want to develop new digital solutions.”

As one of the three megatrends besides electromobility and autonomous driving, digitalisation will

shape the change of mobility. Tel Aviv is considered one of the most dynamic locations in the world

for IT start-ups, which is why the ŠKODA AUTO DigiLab in Prague and the Israeli ŠKODA importer

Champion Motors have established a joint venture there – ŠKODA AUTO DigiLab Israel Ltd.

ŠKODA AUTO DigiLab Israel Ltd initiated collaboration with ten start-ups as early as the beginning

of 2018; six projects are already in the concrete project development phase. The start-ups

concerned are mainly working on developments in artificial intelligence, big data, cyber security and

vehicle sensor technology.

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In existence since 1805, and across family generations, D’Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry or in their geographies. The group has currently three activities articulated around strong brands:

  • D'Ieteren Auto distributes Volkswagen, Audi, SEAT, ŠKODA, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of around 21% and 1.2 million vehicles on the road at the end of 2017. Sales and adjusted operating result reached respectively EUR 3.3 billion and EUR 85.9 million in FY 2017.

 

  • Belron (54.85% owned) makes a difference by solving people’s problems with real care. It is the worldwide leader in vehicle glass repair and replacement, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass®. In addition, it manages vehicle glass and other insurance claims on behalf of insurance customers. Belron is also expanding its services to focus on solving problems for people who need assistance with repairs to their vehicles and homes. Sales and adjusted operating result reached respectively EUR 3.5 billion and EUR 189.8 million in FY 2017.

     

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