Porsche Invests In Israeli Road Visibility Startup TriEye
Highlights
Israel's TriEye, whose short-wave-infra-red sensing technology enables vision in adverse weather and night-time conditions, has expanded its funding round to $19 million with an investment from German sports car manufacturer Porsche. TriEye said on Wednesday the additional funds will be used for product development and operations as well as team growth.
In May, TriEye announced an early funding round, led by Intel Capital. Other investors in the round include Israeli businessman Marius Nacht and TriEye's existing investor Grove Ventures. To date, TriEye has raised $22 million, including a seed investment of $3 million led by Grove Ventures in 2017.The company said its camera, whose initial samples are due to launch in 2020, is designed to save lives on the roads.
Porsche Ventures said it seeks strategic investments in businesses relating to customer experience, mobility and digital lifestyle, as well as artificial intelligence, blockchain and virtual and augmented reality.
Great Deals on Used Cars
- 8.4
- 25,000 km
- Petrol
- Manual
Rs. 6.25 Lakh₹ 13,214/monthCar Choice Exclusif Amberhai, New Delhi - 8.6
- 7,000 km
- Petrol
- Automatic
Rs. 16 Lakh₹ 33,844/monthCar Choice Exclusif Amberhai, New Delhi - 9.0
- 11,570 km
- Diesel
- Manual
Rs. 19.5 Lakh₹ 43,673/monthCar Choice Exclusif Amberhai, New Delhi - 8.7
- 13,915 km
- Diesel
- Automatic
Rs. 17.75 Lakh₹ 37,539/monthCar Choice Exclusif Amberhai, New Delhi - 7.7
- 18,809 km
- Petrol
- Automatic
Rs. 11.95 Lakh₹ 26,764/monthCar Choice Exclusif Amberhai, New Delhi - 8.4
- 55,000 km
- Petrol+CNG
- Manual
Rs. 4.85 Lakh₹ 10,862/monthCar Choice Exclusif Amberhai, New Delhi - 8.8
- 6,862 km
- Diesel
- Automatic
Rs. 17.25 Lakh₹ 36,481/monthCar Choice Exclusif Amberhai, New Delhi - 8.9
- 9,661 km
- Hybrid
- Automatic
Rs. 17.25 Lakh₹ 38,634/monthCar Choice Exclusif Amberhai, New Delhi - 8.5
- 27,200 km
- Petrol
- Manual
Rs. 10.9 Lakh₹ 23,056/monthMax Motors Yozna Vihar, New Delhi
Related News/Reviews
Popular Porsche Models
Latest Videos
- Home
- News
- Upcoming Cars
- Porsche Invests In Israeli Road Visibility Startup TriEye