Ride Vision, assisted driving tech for motorcycles, revs its engine with $7 million Series A

Ride Vision tech.eu
annelise@tech.eu

Ride Vision, an Israeli company that claims to have developed the world’s first collision-aversion technology (CAT) for motorcycles, has closed a $7 million Series A funding round led by OurCrowd.

The company has also announced the global launch of its AI-driven, safety alert system, which will be available in Europe a few months. The funding will be used to support the product’s marketing, distribution and continued development.

Designed to prevent motorcycle accidents on the road, the system uses two wide-angle HD cameras, which covers riders in all directions. The startup says even its most famous competitor in the ADAS space, MobilEye, has a camera only directly in front. MobilEye is an Israeli subsidiary of Intel; the global corporation bought the company for a staggering $15.3 billion back in 2017.

Ride Vision also uses predictive vision algorithms to help riders make in-the-moment decisions while keeping their focus on the road, plus a combination of image recognition and other AI-based algorithms that account for positional roll and rider behavior.

The startup was founded in 2018 and has raised a total of $10 million to date. Starting early next year, Ride Vision’s products will be available in several European countries: Italy, Germany, Austria, Spain, France, Greece and the UK. Eventually the business will expand even further, namele to the US and Brazil, Canada, Australia, Japan, India, China and others.

Image courtesy of Ride Vision

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.