TriEye has secured $17 Million in funding to help solve the challenge of driving in low visibility conditions. The Israeli start-up develops Short-Wave-Infra-Red (SWIR) sensing technology.
Its cameras, which are just a bit bigger than a coin, allow Advanced Driver Assistance Systems (ADAS) and autonomous vehicles to have clear vision under adverse weather, low-light or night-time conditions.
Avi Bakal, TriEye’s CEO and co-founder says: “The funding will be used to execute on our product roadmap for HD SWIR solutions, including our proprietary sensing algorithms. We are humbled by the trust shown by our investors in our series A round, and we remain mission-focused on this opportunity.”
The funding round was led by Intel Capital. Yair Shoham, Managing Director Intel Capital Israel, says: “As the automotive industry transitions to autonomous driving, demand for sensor technologies is expected to grow rapidly. TriEye technology has the potential to enhance traditional camera functionalities by increasing performances in low visibility conditions in a way that complements vision-based camera technologies.”
TriEye was founded in 2016.