Veniam, the Portuguese startup known for its work in making associated vehicle networks, was procured by the Israeli company Nexar at the conclusion of 2022. However, it has presently entered liquidation. This marks a significant shift for the company, which had already gained attention for its inventive solutions in the transportation and car segments.
The reasons for the liquidation have not been completely disclosed, but it highlights the challenges new companies can confront even after effective acquisitions.
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