BlackBerry Launches BlackBerry IVY Innovation Fund to Drive Future of Transportation

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BlackBerry Limited (NYSE: BB; TSX: BB) today announced the establishment of the BlackBerry IVY Innovation Fund to help data-driven automotive ecosystem providers turbocharge their innovation and bring new products and applications to market using BlackBerry's Intelligent Vehicle Data Platform, BlackBerry IVY™.

BlackBerry Logo Black (PRNewsfoto/Blackberry Limited) BlackBerry Logo Black (PRNewsfoto/Blackberry Limited) Announced in December 2020 as part of a multi-year, global agreement with Amazon Web Services, Inc. (AWS), BlackBerry IVY is a scalable, cloud-connected software platform that will allow automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud. Automakers can use this information to create responsive in-vehicle services that enhance driver and passenger experiences.

The BlackBerry IVY Innovation Fund's mission is to accelerate the expansion of the BlackBerry IVY ecosystem with innovative transportation solutions. The Fund will initially allocate up to $50 million to invest in startups focused on developing data-driven solutions that can benefit from BlackBerry IVY's AI insights and support from BlackBerry and AWS.

+INFO: Yahoo Finance

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