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23 07 2019 01

Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm.

Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, an accelerator for young companies in the mobility sector, since 2017. UVeye and MDGo have developed their business in recent years with the help of DRIVE, offering the potential to boost quality and safety respectively. They represent the Tech Fund’s first investments outside the US and Europe.

MDGo is a company specialising in medical artificial intelligence. By using advanced machine learning technology it aims to save numerous lives by making sure that people are treated according to their specific injury following an accident with their car.

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