Veniam's Vehicle Networking Solutions Win CNBC Disruptor 50 and Best Auto Mobility Product/Service Award‪

MOUNTAIN VIEW, CA--(Marketwired - Jun 16, 2016) -  On the same day Veniam, the company building the Internet of Moving Things, was lauded by CNBC as one of the 50 most forward-thinking companies in America by CNBC, and won the 2016 Best Auto Mobility Product/Service at the TU-Automotive Awards.

"We are very honored to have been selected among hundreds of very innovative companies and solutions," says João Barros, co-founder and CEO of Veniam. "These awards signal a very important moment for our young company, as we work to bring Veniam's vehicle mesh networks to the many unconnected fleets in the United States, Europe and Asia," João explains.

Veniam's innovative solution looks at vehicles not just as machines that carry people and goods, but rather as active nodes of the Internet that can expand wireless coverage and serve as mobile sensors for smart city applications.

Veniam was selected among 750 competitors as one of the 50 most innovative companies in America by the fourth annual Disruptor 50 from CNBC. Ranked on the 28th position, Veniam went from building the world largest network of connected vehicles in Porto, Portugal, and supporting more than 4 million internet sessions to delivering key managed services for intelligent transportation systems and urban services in NY and Singapore.

The judges of the TU-Automotive Awards 2016, the most prestigious and anticipated awards in the connected car industry, elected Veniam as the Best Auto Mobility Product/Service, after analyzing 400 nominations from all over the world. "It was a significant innovation with an even greater potential (...) It is so much more than a mobility product," the judges said.

Veniam proprietary IP from more than a decade of world-class research builds on existing wireless standards (Wi-Fi, 4G LTE and DSRC) and leverages the 5.9 GHz frequency band reserved by the FCC and the USDOT for intelligent transportation systems. Developed in collaboration with top universities, such as University of Porto, University of Aveiro, CMU, and MIT, Veniam's full stack platform includes all the hardware, software, and cloud components required to build networks of vehicles and other moving things, while supporting unprecedented smart city services.

"The future of mobility and the quality of life in our cities depend on our ability to make the most out of the existing infrastructure, including the excess capacity of the world's 1.2 billion vehicles," says João. Vehicles are ideal wireless hotspots and mobile sensors at street level, because they can be found everywhere and have large batteries that keep recharging.

Since its creation, Veniam has won several relevant awards: 'best new venture' at the WBA 2015 Wi-Fi Industry Awards; 'best new innovative product idea most likely to succeed' within the 2015 CableLabs; winner of the 2015 Red Herring Top 100 North America award; named to FierceWireless "Fierce 15" Top Wireless Company List 2015; Gartner Cool Vendors in Smart City Applications and Solutions in 2015.

About Veniam
Veniam turns vehicles into Wi-Fi hotspots and builds vehicular networks that expand wireless coverage and collect terabytes of actionable data. Veniam's game-changing solutions ensure that all mobile workers and assets are securely connected, no matter where they are or at what speed they are moving. Our hardware, software and cloud components are delivering managed services to intelligent transportation systems in NY and Singapore, as well as in the world's largest network of connected vehicles, which includes taxis, waste collection trucks and the entire public bus fleet in Porto, Portugal, offering free Wi-Fi to more than 400,000 active customers.
With offices in Silicon Valley, Porto, and Singapore, Veniam is backed both by leading venture capital firms such as True Ventures, Cane and Union Square Ventures, and by the corporate investment arms of Verizon, Cisco, Orange, Yamaha Motors and Liberty Global. | |

Contact Information:

Alexandra Vieira
M: +351 968690182