Porsche Invests in Israeli Startup TriEye to Address Road Visibility and Safety
August 22, 2019
Israeli startup TriEye, whose Short-Wave-Infra-Red (SWIR) sensing technology enhances vision in adverse weather and night-time conditions, received an investment from Porsche.
Israeli startup TriEye, whose Short-Wave-Infra-Red (SWIR) sensing technology enhances vision in adverse weather and night-time conditions, received an investment from Porsche. In May 2019, TriEye announced a Series A funding round, led by Intel Capital. Other investors in the round include Marius Nacht and TriEye’s existing investor Grove Ventures. Since its inception, TriEye has raised $22 million, including a seed investment of $3 million led by Grove Ventures in November 2017.
The company’s CMOS-based Raven camera, whose initial samples are due to launch in 2020, will allow ADAS and AV to enhance vision capabilities under common adverse weather and low-light conditions such as fog, dust or night-time. “TriEye is a promising technology company led by an exceptionally strong team with experience in the areas of nanophotonics, deep learning, and the development of semiconductor components,” according to Michael Steiner, Member of the Executive Board for Research and Development at Porsche. “We see great potential in this sensor technology that paves the way for the next generation of driver assistance systems and autonomous driving functions. SWIR can be a key element: it offers enhanced safety at a competitive price.”
TriEye is expected to exhibit at the IAA Conference in Frankfurt from September 11-13, as well as the AutoSens conference, due to take place on September 17-19 in Brussels.
For more information, visit www.trieye.com.