Israeli firm Autotalks and Hyundai Motor have partnered to develop the next-generation Vehicle to Everything (V2X) connected car chipset.

Autotalks will receive direct investment from Hyundai aimed at advancing the development and deployment of the connected car chipset.

Hyundai Motor Company open innovation business group director Yunseong Hwang said: “Connectivity is one of the core technologies that can be applied to smart city business models, as well as autonomous driving and infotainment.

“Hyundai will continue to invest in disruptive technologies that are in line with Hyundai’s current and future strategic pillars.”

“Funding from Hyundai will fuel Autotalks’ technology roadmap, as well as support our customers and partners all over the globe.”

V2X technology allows vehicles to communicate with one another, other road users and road infrastructure. It is essential for autonomous driving and helps to improve vehicle and road safety, as well as mobility.

The new technology can operate in all weather conditions, helping avoid road collisions and preventing dangerous situations.

V2X systems are also useful in manned vehicles as they transmit important information alerts and notifications to the driver. They can also activate the vehicle in dangerous situations.

V2X complements existing sensors in autonomous vehicles and enables them to make more informed decisions.

Autotalks CEO Hagai Zyss stated: “Having a top global car manufacturer such as Hyundai invest directly in Autotalks is not only a vote of confidence in the company but a testament to the growing V2X market.

“The funding from Hyundai will fuel Autotalks’ technology roadmap, as well as support our customers and partners all over the globe.”

Prior to the latest investment from Hyundai, Autotalks raised more than $80m of investments in four funding rounds.