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ADASKY Raises $30 Million, Signs Deal with Gentex



ADASKY, an Israeli startup that develops thermal imaging technologies, raised $30 million in a Series B round of investment led by the American corporation Gentex, which develops driver assistance systems. Gentex also established a commercial, engineering, and manufacturing collaboration agreement to help bring ADASKY’s proprietary technology to market. Adasky develops technology to which better ensures safety for both pedestrians and car drivers.

So, ADASKY falls into the same category as Israel Startup Nation success stories like Mobileye.

Gentex is a global, high technology electronics company. The company is vertically integrated in highly automated electronics, CMOS camera development and manufacturing, vacuum coatings, and glass bending and fabrication. They specialize in a broad spectrum of technologies and processes to deliver high quality products to the automotive, aerospace and fire protection industries.

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Established in Israel in January 2016 by former Israel Air Force officers and automotive tech veterans with, Adasky declares its mission to be to make mobility safer by way of advanced thermal sensing technologies in order to save people’s lives.

Adasky boasts that it has revolutionized the thermal sensing industry by creating end-to-end, the smallest, most intelligent, energy-efficient camera systems in the market, at a price that anyone can afford, making safety accessible to all, for safe travel and a safe return.

Adasky has developed resolution LWIR thermal imaging solutions which it has designed and manufactured in house. This will be applied to vehicle safety systems for ADAS/AV solutions and smart city infrastructure.

“After several years of investigation, research, and dialogue with the ADASKY team, we became very convinced that now was the time for Gentex to help accelerate the technology’s growth and development curve as well as the commercialization of the ADASKY technology. Over the last few years, we have been investing heavily into our sensing capabilities and the ADASKY technology was a great fit to complement our existing suite of sensing products,” said Gentex President and CEO, Steve Downing. “However, the last piece of the analysis always comes down to ‘fit’ between organizations, especially when it comes to collaboration agreements, and I am personally very excited about the cultural similarities of our organizations and our ability to work together as a team,” concluded Downing.

“Gentex is exactly the right strategic partner for ADASKY to complement our existing shareholders,” said ADASKY CEO, Yakov Shaharabani. “We have the same excellence-driven engineering and innovation focus that will help propel us to expand markets and applications. With Gentex’s global footprint and capability, we will be able to meet the demand we are seeing for our thermal camera.”



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