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TriEye Raises Capital for Next-Gen SWIR Tech, Appoints Board Member

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TEL AVIV, Israel, Dec. 17, 2021 — TriEye, a developer of CMOS-based SWIR sensing solution for mass-market applications, raised $74 million in new capital. The round was led by M&G Investments and Varana Capital, with participation from Samsung Ventures, SDF (the investment arm of Tawazun Holdings), Deep Insight, Allied Group, and Discount Capital, along with follow-on investors Intel Capital, Porsche Ventures, Marius Nacht, and Grove Ventures. The round brings TriEye’s total funding to $96 million.

The funds will be used to commercialize SEDAR (spectrum-enhanced detection and ranging), TriEye’s imaging and ranging solution for advanced driver assistance systems and autonomous vehicles. The technology uses the SWIR spectrum to produce high-definition image data and a detailed depth map in all weather conditions.

In a separate move, the company appointed Hans Rijns, former CTO of NXP Semiconductors, to its advisory board. Rijns has more than 25 years of experience in R&D management and business strategy. In his career, he has published more than 40 scientific publications and he holds seven patents.

Published: December 2021
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
Businessmachine visionADASautonomous vehiclesSWIRSensors & DetectorsImagingSEDARTriEyefundinginvestmentcapitalCMOSAdvisory BoardHans Rijns

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