Headquartered in San Francisco, Databricks is venture-backed and founded by the original creators of popular open source projects, including Apache Spark, Delta Lake and MLflow. Wejo will use the company’s Unified Data Analytics Platform to empower data-driven decisions throughout the lifecycle of data ingestion, engineering, data science, and business analytics. Wejo will now be able to more effectively meet the growing data challenges resulting from the increase of CVs and deliver the data-driven insights demanded by car manufacturers, mobility service providers, and other public or private sector organisations.
Wejo organises historical and real-time vehicle data to deliver insights that significantly improve the road experience of drivers, owners and riders. To date, the company has curated over 140 billion miles of data and expects to have 17 million cars on its platform by the end of the year. It processes more than 15 billion data points every day and counting. It is estimated that in the UK alone, 98% of all new vehicles registered will be connected by 2025, and by 2023 worldwide sales of connected cars will reach 72.5 million units or almost 69% of all passenger vehicles sold, up from 24 million units in 2015. The global CV market was valued at $63 billion in 2017, and is forecast to increase to $225 billion by 2025, growing at a CAGR of 17.1% from 2018 to 2025.
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