Prophesee, a Paris-French-based company that invented advanced neuromorphic vision systems, completed a EUR50m series C round of capital.
Prosperity7 ventures, as well as their initial Series C investors Sinovation Ventures and Xiaomi, joined an international investor group from North America, Europe, and Japan, which includes Intel Capital, Robert Bosch Venture Capital, 360 Capital, iBionext, and the European Investment Bank.
The company has raised $127 million since it was founded on the 14th of July 2014; it will utilize the funds to accelerate the commercialization and development of its software and hardware products, in addition, to exploring new markets and expanding across the key ecosystems of semiconductors industrial, robotics, IoT and mobile devices.
Directed by Luca Verre, co-founder and CEO, Prophesee is the inventor of sophisticated neuromorphic vision systems, which make use of the patent-pending Meta vision(r) sensors and algorithms that mimic the way the human brain and eye are working to increase the effectiveness in areas like autonomous vehicles, automation in industrial IoT security and surveillance and AR/VR.
It has also gained acceptance from major global partners who integrate its technology into high-end vision systems used in AR/VR headsets, smartphone manufacturing automation, maintenance, and factory automation in health and science research.
The partnership with Sony has led to the developing of an advanced HD vision sensor that blends Sony’s CMOS sensor technology and Prophesee’s exclusive technology based on events Meta vision(r) sensors. It has formed a commercial partnership with the top machine vision manufacturers, including Lucid, Framos, Imago, and Century Arks. Its open-source approach to accessing its development tools and software has created an extensive community of more than 5,000 developers to use the technology in innovative and exciting ways.
Prophesee, The company, is headquartered in Paris and has headquarters in Grenoble, Shanghai, Tokyo, and Silicon Valley; it holds more than 50 patents worldwide.