Thanks for visiting Imaging and Machine Vision Europe.

You're trying to access an editorial feature that is only available to logged in, registered users of Imaging and Machine Vision Europe. Registering is completely free, so why not sign up with us?

By registering, as well as being able to browse all content on the site without further interruption, you'll also have the option to receive our magazine (multiple times a year) and our email newsletters.

Newsight CMOS tech wins investment for virus detection

Share this on social media:

Israeli CMOS chip maker, Newsight Imaging, has completed a $7m series A round of financing.

The investment brings Newsight's total funding, including governmental grants, to $15m, and will help the company expand its sales and marketing efforts as well as broaden and accelerate product development.

Infinity Capital led the investment round with the participation of Dr George So, owner of biotech firm AIinnoBio HK. AIinnoBio develops spectral analysis solutions, such as an at-home virus detection device, and its investment in Newsight was bundled with licensing of Newsight's technology.

Newsight Imaging's CMOS sensors are designed for 3D machine vision and spectral analysis. Its spectrometer-on-chip solution, which captures 400nm to 1,100nm spectral signatures, has been used in pilot projects in spectral analysis with Mekorot, the national water company of Israel, and, recently, a pilot of at-home virus detection reference design tested at an Israeli medical centre.

Claire Zhao, VP of Infinity Capital, is on Newsight's board of directors, and George So will join as a board observer.

George So commented: 'I am extremely excited to be a part of the team to witness and also to participate in the development of applications for the chip, in particular, the possibilities of developing home diagnostic devices for viral and bacterial infections. The ability to detect specific spectral signatures of viruses and bacteria, coupled with the ease of sample preparations and portability of the diagnostic device, will significantly impact community prevention of any pandemics.'

Newsight will soon offer a full development kit, called SpectraLit, for spectral analysis device and sensing solution makers that want to build their own device based on Newsight's platform.

Newsight's sensors have very high frame rates – up to 100,000 fps on a single line – an AI-ready multi-set feature that enables the sensor to move from a range detection to machine vision picture from frame to frame; in-pixel accumulation; support of multi-triangulation; and its embedded eTOF technology that allows acquisition of a full resolution depth imaging scene.

Its NSI1000 time-of-flight sensor, offering 50,000 fps, is designed for high-volume applications like automotive ADAS and face recognition.

Newsight Imaging’s CEO, Eli Assoolin, said the company plans to continue to round-B fundraising.

Further reading

Enhanced time-of-flight: CMOS solution for automotive lidar - Nadav Haas, product manager at Newsight Imaging, gives his opinion on why the company’s CMOS solution is a good fit for lidar sensing in autonomous driving

Related news

Recent News

23 June 2020

VDMA Robotics and Automation stated that the 'coronavirus crisis has highlighted how vulnerable industrial production has become in global value chains'

17 June 2020

The $5m funding will speed up the availability of Slamcore's products, including its SDK, a toolkit for developers to build, test and deploy solutions using Slamcore algorithms and off-the-shelf sensors

02 June 2020

Isra Vision's revenue fell nine per cent to €64.6m over the first half of its financial year, with impacts from Covid-19 in Asia from January, and in America and Europe towards the end of the second quarter

29 May 2020

The job cuts are part of steps Cognex is taking to lower expenses because of deteriorating market conditions. The firm's CEO and chairman will waive their salaries, and the company’s board of directors have waived their cash fees for the remainder of the year