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