Ottometric Secures $10M Series A Led by Schooner Capital to Transform ADAS Validation

Ottometric, a leader in the validation of Advanced Driver Assistance Systems (ADAS), has successfully secured a $10 million Series A financing round. The investment was led by Schooner Capital and included participation from both existing and new investors such as Rally Ventures, Proeza Ventures, PS27, and Somersault Ventures. This funding aims to support Ottometric's growth and expedite the development of its innovative ADAS validation platform, which automates and streamlines the traditionally inefficient and costly validation processes. Ottometric's technology reduces validation timelines and costs significantly, providing manufacturers with structured insights swiftly. The platform's efficiency in handling large datasets addresses a critical need in the automotive sector, as automakers usually invest heavily in ADAS development to meet safety standards. As part of the financing, Orhan Gazelle from Schooner Capital will join Ottometric's board of directors, reflecting confidence in the company's potential to impact the automotive industry positively. Founded in 2019, Ottometric continues to expand its market presence among Tier-1 suppliers and OEMs, helping manufacturers comply with regulations and accelerate ADAS deployments.