SOUTH KOREA - Hyundai Invests in Israeli Tech

Arno Froese

Hyundai Motor will invest in an Israeli tech firm that makes automated reports on car passengers’ medical data in case of accidents, the car firm said.

The carmaker did not specify the amount of investment or stake it acquired, but it said it participated in MDGo’s Series A fundraising. Series A funding typically ranges from $2 million to $15 million.

MDGo was established in 2017 to develop algorithms and services for automated medical analysis. In case of accident, MDGo’s algorithm collects data secured by the vehicle’s sensors and compiles the data into a report showing the seriousness of passengers’ injuries.

The algorithm then sends this report directly to nearby hospitals and incoming ambulances, helping paramedics and doctors to provide optimal treatment.

“MDGo has world-leading technology in AI-based passenger safety data analysis, thus standing as the best partner for passenger safety,” Hyundai Motor President Chi Young-cho said. “Starting from this, the partnership will help developing new technologies for innovative customer experience in safety.”

-www.koreatimes.co.kr, 10 June 2019

Arno's commentary

There is no end to inventions; saving time, money, increasing security, and contributing to longevity. There is nothing wrong with that. However, we need to take notice of the fact that with each new invention, mankind becomes more dependent on his own inventions. No one really knows what would happen if all of these Internet-based technologies were to collapse. Yet one thing is clear: man is building his own future without the Creator.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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