General Motors Co (NYSE: GM)-backed British automobile data startup Wejo Ltd said on Tuesday it has secured $25 million funding from new investors Microsoft Corp (NASDAQ: MSFT) and Sompo Holdings Inc (OTC: SMPNY). What Happened: The startup, founded in 2014 and led by CEO Richard Barlow, specializes in connected-vehicle data and is in talks to go public with SPAC Virtuoso Acquisition Corp (NASDAQ: VOSO).
Microsoft Funds Connected Vehicle Data Startup Wejo, Joining Palantir, GM In List Of Backers