Israeli startup Nexar has decided not to wait for autonomous cars to make car travel safer. The Tel Aviv-based company says it has created the world’s first vehicle-to-vehicle (V2V) network that aims detect dangers on the road and prevent collisions.
As reported in The Times of Israel:
Nexar uses a V2V network that features real-time warning technology, including forward-collision warnings, that can be controlled by smartphone and a dashcam app powered by artificial intelligence.
The Nexar network currently crowdsources data from its 50,000-plus users in San Francisco, New York and Tel Aviv to establish a detailed understanding of the road conditions at any given time. Smartphone sensors analyze the direction, speed, and acceleration of surrounding vehicles and road conditions, portraying a road map that shares the information with other cars in its V2V network. So, if there is a multi-car pileup or stalled vehicle on the road, Nexar will alert users of the danger and help them to avoid it.
Driverless car technology and auto technologies that would remove human error from the driving experience have seen an explosion of interest this year by corporations and investors. There have been a dozen venture capital-backed exits in the auto tech sector since 2012, with five in 2016 alone, a report by CB Insights, a New York-based data company, shows.
In Australia, there are over 1000 road deaths every year, the majority of which are caused by human error.
Israel Trade and Economic Commission in Sydney, Australia 