NETANYA, Israel, August 5, 2021 / PRNewswire / – Jungo, a global provider of driver and cabin sensor software, started trading on the Tel Aviv Stock Exchange (TASE) on. recorded July 28thJune 2021, under the ticker “JNGO”, after a successful IPO.
Jungo team opens Tel Aviv Stock Exchange, August 2021 (Photo courtesy of TASE) (PRNewsfoto / Jungo)
The company’s share is expected to enter the stock market indices at the end of the trading day on October 7, 2021, as part of the fast lane for new companies: TA-Growth, TA-Tech-Elite, TA-Global-Bluetooth and TA-Technology.
Founded in 2013, Jungo (TASE: JNGO) has developed an innovative camera-based driver monitoring software solution used in vehicles to monitor and analyze driver distraction and drowsiness using artificial intelligence and computer vision and deep learning.
The flagship product has over 30 customers around the world, including manufacturing contracts with OEMs Tier 1s, fleets and telematics service providers (TSPs).
“This is an exciting day for the company and we believe that by registering the shares for trading on the Tel Aviv Stock Exchange, we can achieve our vision,” said Ophir autumn, Jungo chairman. “We are proud of the success of the offer and thank the investing public for their trust in the company. The IPO is an important and essential step in Jungo’s growth and ability to serve its largest customers. “
Jungo is a global provider of AI software for interior detection and offers CoDriver, an advanced driver monitoring and cabin monitoring software. Find out more: www.jungo.com
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