Israeli low-visibility camera startup TriEye lands $17 million

andrii@tech.eu

Tel Aviv-based hardware startup TriEye has raised $17 million for its low-visibility Short-Wave-Infra-Red (SWIR) camera designed for autonomous vehicles. The round was led by Intel Capital, with participation from Marius Nacht, co-founder of Check Point Software Technologies, and TriEye’s existing investor Grove Ventures.

Founded in 2016, TriEye is developing a camera that supposedly can solve the challenge of “seeing” in low-visibility conditions caused by dust, fog, rain, or low light. According to the startup, one of the solutions for this is indium gallium arsenide, or InGaAs; the cameras based on this alloy are used in the defence industry but are too expensive to use in autonomous vehicles.

“Similar to a common digital camera, TriEye’s SWIR technology is CMOS-based, enabling the scalable mass-production of SWIR sensors and reducing the cost by a factor of 1,000 compared to current InGaAs-based technology,” the startup stated in a press release. “As a result, the company can produce an affordable HD SWIR camera in a miniaturized format, supporting easy in-vehicle mounting behind the car’s windshield.”

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.