Callifornia-based Commsignia, Inc., a vehicle-to-everything (V2X) solution provider, has raised $11 million in an investment round.

Led by Karma Ventures and Samsung Catalyst Fund, the funding also had participation from Partech, Inventure, and existing backers, Credo Ventures and Day One Capital.

Commsignia intends to use the money raised from the financing round to strengthen its research and development capabilities as well as customer engagement teams.

Annually, Commsignia generates approximately $16 million in revenue.