Bio-inspired vision firm Prophesee raises $19m led by electronics investor

Share this on social media:

Bio-inspired vision company Prophesee, formerly known as Chronocam, has raised $19 million in the initial tranche of a series B financing round.

Led by a new strategic investor from the electronics industry, the round also includes staged investments from Prophesee’s existing investors: 360 Capital Partners, Supernova Invest, iBionext, Intel Capital, Renault Group, and Robert Bosch Venture Capital.

Prophesee’s technology mimics the human eye and brain. It offers extremely fast vision processing – equivalent to up to 100,000 frames per second – a dynamic range of more than 120dB, and power efficiency with operating characteristics of less than 10mW. The technology allows machines to capture scene changes not previously possible in machine vision systems for robotics, industrial automation and automotive.

‘Our event-based approach to vision sensing and processing has resonated well with our customers in the automotive, industrial and IoT sectors, and the technology continues to achieve impressive results in benchmarking and prototyping exercises. This latest round of financing will help us move rapidly from technology development to market deployment,’ said Luca Verre, co-founder and CEO of Prophesee. ‘Having the backing of our original investors, plus a world leader in electronics and consumer devices, further strengthens our strategy and will help Prophesee win the many market opportunities we are seeing.’

The latest funding round builds on the $20 million Prophesee has raised over the past three years, and will allow it to accelerate the development and industrialisation of the company’s technology.

Renault is working with Prophesee to use the bio-inspired vision technology for Renault’s advanced driver assistance systems. Prophesee, as Chronocam, won the 2016 most promising startup at the Inpho Venture Summit investment conference in Bordeaux, France.

Related articles:

Inspired by nature - Matthew Dale investigates a new class of highly-efficient image sensor that’s just starting to find its way onto the commercial market, all based on the principles of biological sight

Start as you mean to go on - Greg Blackman asks what it takes to commercialise new imaging technology

Recent News

21 January 2019

Sofradir and its subsidiary Ulis are investing €150 million in the French initiative Nano 2022 to develop the next generation of infrared detectors

03 January 2019

Teledyne Technologies has acquired the scientific imaging businesses of Roper Technologies, including Princeton Instruments, Photometrics and Lumenera, for $225 million

12 December 2018

Shufersal, Israel’s largest supermarket chain, has signed an agreement to install computer vision startup Trigo Vision’s automated retail platform across its 272 stores

12 December 2018

The VDMA expects turnover in the German machine vision industry to remain static in 2018, at €2.6 billion. This follows growth of almost 18 per cent in 2017