Prophesee Secures New Investment, Wraps $48M C Series Funding Round
Prophesee, a designer of neuromorphic vision systems, closed a €50 million (~$48 million) series C financing round following an investment from Prosperity7 Ventures. Prophesee has raised a total of €127 million in funding, including this latest investment, since its founding in 2014.
Prosperity7 is the diversified growth global fund of Aramco Ventures, a subsidiary of Saudi Aramco. According to Prohesee, the latest investment will support the company as it accelerates the development and commercialization of its next-generation hardware and software products. Prohesee is pursuing business opportunities in semiconductor, industrial, robotics, IoT, and mobile devices ecosystems.
Prophesee, a designer of neuromorphic vision systems, has closed its series C funding round, bringing the total of funding raised by the company since 2014 to €127 million. The latest funding round supports the development and commercialization of Prophesee's next-generation hardware and software products. Courtesy of Prophesee.
By using neuromorphic techniques to mimic the way human brains and eyes work, Prophesee’s event-based Metavision technology reduces the amount of data needed to capture information. Among the benefits of the sensor and AI technology are ultralow latency, robustness to challenging lighting conditions, energy efficiency, and low data rate.
https://www.photonics.com/Buyers_Guide/Prophesee_SA/c32580