Porsche has acquired a minority stake in the Israeli start-up, TriEye. The newly established company has developed a sensor technology for short-wave infrared (SWIR). It enhances safety in vehicles fitted with assistance systems or autonomous driving functions by improving the ability to see in weather conditions where visibility is poor, such as dust, fog, murky conditions or rain.
TriEye enables SWIR capabilities with a CMOS-based image sensor. The company’s unique semi-conductor design uses patent-pending technology that makes it possible to manufacture SWIR HD cameras at a fraction of their current cost.
TriEye Raven SWIR Camera.
TriEye is a promising technology company led by an exceptionally strong team with experience in the areas of nano-photonics, deep learning and the development of semi-conductor components. We see great potential in this sensor technology that paves the way for the next generation of driver assistance systems and autonomous driving functions. SWIR can be a key element: it offers enhanced safety at a competitive price.—Michael Steiner, Member of the Executive Board for Research and Development at Porsche AG
Avi Bakal, Omer Kapach and Uriel Levy founded TriEye in 2017. The company’s solution is based on almost a decade of advanced research in nano-photonics performed by Professor Levy, TriEye’s CTO, at the Hebrew University of Jerusalem.
Porsche Ventures has invested in TriEye as part of the current Series A financing round. Intel Capital led the round with Israeli venture capital fund, Grove Ventures, in which Porsche has also held shares since 2017, increasing its existing investment in TriEye.
In addition to TriEye, Porsche has already invested in the Israeli AI start-up, Anagog, and has also invested double-digit millions in the venture capital funds, Magma and Grove Ventures.