Verizon thinks it can be a serious player in self-driving cars

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The carrier hasn’t said how much it’s investing in Renovo, although it’s part of a larger $10 million funding round. This is less a huge bet and more about getting a foot in the door. Even so, it’s a potentially significant move. If Verizon can help get this technology off the ground, it’s creating a customer base for itself — those thousands of connected cars will need someone to bring them online. That, in turn, will help Verizon remain involved in transportation even if its current efforts grow obsolete.


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