TriEye, an Israeli startup that develops the world’s first CMOS-based Short-Wave Infrared (SWIR) sensing solution for mass-market applications, has raised $74 million of new capital in a round led by M&G Investments and Varana Capital, with the participation of Samsung Ventures, and others. The raise brings TriEye’s total funding to date to $96 million.
CMOS is a complementary metal–oxide–semiconductor. Intel explains that CMOS is a small amount of memory on a computer motherboard that stores the Basic Input/Output System (BIOS) settings. The BIOS is the software stored on the memory chip on the motherboard. CMOS technology is used for constructing integrated circuit (IC) chips, including microprocessors, microcontrollers, memory chips (including CMOS BIOS), and other digital logic circuits.
SWIR is an advanced technique, used for producing images based on radiation in the region of the electromagnetic spectrum invisible to the naked eye. It includes light wavelengths between 1,100 and 3,000 nanometers.
Founded in 2017 by CEO Avi Baka, CTO Professor Uriel Levy and VP R&D Omer Kapach, TriEye offers mass-market, CMOS-based Short-Wave infrared (SWIR) sensing solutions. Based on advanced academic research, TriEye’s states that its technology enables cost-effective, high-resolution image data and depth perception in all weather and lighting conditions. The company boasts that its cutting-edge technology allows perception systems to operate and deliver reliable image data and actionable information, while reducing expenditure by up to 1,000x the existing industry rates.
We are thrilled to announce that we secured $74m to bring the power of our #SWIR technology to multiple industries! This new capital will also support the global launch and commercialization of our #SEDAR. Thank you to our investors for supporting our mission. pic.twitter.com/oUHijZbX8x
— TriEye (@TriEye_tech) November 10, 2021
“We are proud to be the first to offer the advantages of SWIR sensing technology to multiple industries at a highly disruptive price point. Indeed, we believe SEDAR will change the automotive perception market as we know it today. And this is just the beginning,” said Avi Bakal, CEO and Co-Founder of TriEye, “thanks to the support of our new and existing investors, TriEye is accelerating its growth as we look to become a critical player in smart, safe, reliable, and cost-effective automated vision systems.”