Wejo is partnering with Microsoft to build cloud infrastructure to deliver near real-time vehicle data and significantly enhanced predictive analytics
Wejo , a global leader in connected vehicle data, today reported additional progress in its strategic partnership with Microsoft in which Wejo’s robust suite of data assets are being built on the Microsoft Azure cloud platform, enabling near real-time data exchange and the ability to deliver a range of new solutions to the broader mobility sector.
Read More:Komprise Named Winner In The 2021 Software And Technology Awards
Wejo has to date ingested 12 trillion of data points from nearly 12 million connected vehicles, including information on locations, road conditions, and weather, which are now combined with the data security, privacy and scalability of Azure. As the volume of Wejo’s data continually grows, Azure AI capabilities enhance predictability such as helping to reduce road traffic accidents through near real-time data modelling. The growing library of data generated by Wejo across the U.S. and Europe can be leveraged across a broad array of use cases across the mobility, automotive and mapping sectors. The cloud-based infrastructure on which this collaboration is based has become more crucial as OEMs increasingly rely on data insights harnessed from individual vehicles.
“The strategic partnership between Wejo and Microsoft continues to produce unique technical and commercial benefits for the broader mobility sector,” said David Burns, CTO, Wejo. “The Microsoft Azure gives Wejo’s extensive data and growing library of data assets the power and scalability to enable customers to make better business decisions, provide differentiated experiences, find new revenue streams and drive future innovation across the broader mapping and automotive sectors.”
“Wejo is ideally positioned to address the automotive industry’s growing mobility data problem through its OEM relationships and growing library of data assets,” said Sanjay Ravi, General Manager of Automotive, Mobility and Transportation Industries at Microsoft. “With Wejo’s data on Azure, together we can deliver at scale the solutions that the industry, individual vehicle users and everyone involved in the mobility and transportation ecosystem have long needed.”
Read More:SalesTechStar Interview With Phil Harrell, VP And Senior Research Director At Forrester
Richard Barlow, Founder & CEO of Wejo, continued: “The fact that Wejo now ingests over 17 billion data points a day, every 1-3 seconds, from 11.9 million vehicles on Wejo’s platform, is unlocking real value for the challenges such as interaction between driven and driverless vehicles. Wejo’s ability to show the trends in electric vehicle usage – and the lack of infrastructure in cities to accelerate the adoption of low emission vehicles – is data for good in action.”
In addition to its partnership with Microsoft, which is a strategic investor in Wejo, the Company also has partnered with Palantir Technologies (NYSE: PLTR) to power the leading connected vehicle data platform; Sompo Holdings (TYO: 8630) to bring the power of connected vehicle data to the APAC region; and General Motors (NYSE: GM). Additionally, Wejo also has business relationships with 17 automotive OEMs and Tier 1s. Wejo has agreed to a business combination with Virtuoso Acquisition Corp. (NASDAQ:VOSO); when completed, Wejo will become a public company.
