Commsignia, developer of a technology for communication between vehicles and their environment, called “Vehicle-to-Everything” (V2X) communication, has successfully raised a second round of investment. The performance and future growth potential of the company has persuaded Day One Capital and Credo Ventures.

The company will utilize the received capital to scale up the team and expand towards dominant auto industry regions of the globe by opening new offices. Rapid expansion may support a new investment round, planned to be executed in the US, where negotiations are already taking place with renowned venture capital investors.

The Commsignia team is currently participating at the CES tradeshow in Las Vegas, where both financial and strategic partners are present.