TomTom NV (TomTom) develops and designs locations based and navigation solutions. It offers in-dash navigation systems, real-time services, fleet management solutions and web-based solutions. The company provides geolocation technology for carmakers, drivers, developers and enterprises. The company operates its offices in 22 countries.

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TomTom’s R&D arm focuses on developing new innovative products and solution for shipments and ground breaking technologies. The company’s R&D aims to develop a fully automated transactional mapmaking platform through its investments in artificial intelligence (AI) and machine learning that enables to create better content at a lower cost. TomTom’s R&D works with more partners and customers, and captures more probe data, higher degrees of automation that enables to deliver continuously releasable maps, which elevates its products and services across autonomous driving, connected navigation, and Maps APIs. In FY2022, the company incurred expenses of EUR358 million, which as a percentage of revenue stood at 66.7%.