Israeli Startup TriEye Collaborates with Porsche
Following August announcement that it has expanded its Series A funding round led by Intel Capital, with the participation of Porsche Ventures, Israeli startup TriEye, announced today a collaboration with the German sports car manufacturer Porsche, to further improve visibility and performance of Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV).
Even when combining several sensing solutions such as radar, lidar, and standard cameras, it is not always possible to accurately detect and identify all objects on the road when visibility is limited. To achieve better visibility capabilities especially in adverse weather conditions, TriEye has developed a CMOS-based Short-Wave Infra-Red (SWIR) sensing technology that enhances visibility in adverse weather and night-time conditions.
In order to address this particular challenge Porsche has identified TriEye’s CMOS-based (a circuit that found in several types of electronic components, including microprocessors, batteries, and digital camera image sensors.) SWIR camera as an important component to achieving better visibility capabilities especially in adverse weather conditions.
“Our collaboration with Porsche has been exceptional from day one and we look forward to growing this potential,” said Avi Bakal, CEO and Co-Founder of TriEye. “The fact that Porsche, a leading car manufacturer, has decided to invest in TriEye and evaluate TriEye is a significant vote of confidence in our technology,”
With headquarters in Stuttgart-Zuffenhausen, Porsche AG is one of the most profitable carmakers in the world. In 2018, Porsche’s profit amounted to 4.3 billion euros, up seven percent from the previous year’s comparative figure. The company delivered 256,255 vehicles of the 911, Cayenne, Macan, Panamera, 718 Boxster, and Cayman models to customers worldwide.
The sports carmaker employs 34,675 people. The Porsche principle of getting the most out of all opportunities stems from the racetrack and is embodied in every vehicle. Thanks to its high-quality standards, 70 percent of all Porsches ever built are still on the street today.