By investing money in Israeli start-up company TriEye, Porsche is looking to benefit from the latter’s short-wave infrared sensor technology (SWIR), which should enhance safety in vehicles equipped with driver assistance systems.
This tech is said to improve a car’s ability to see in poor weather conditions such as dust, fog or rain. Also, TriEye’s unique patent-pending semi-conductor design makes it possible to manufacture SWIR HD cameras at a “fraction of their current cost.”
“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,” said Porsche R&D exec, Michael Steiner. “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.”
Despite being founded in 2017, TriEye’s tech is based on almost a decade of advanced research in nano-photonics, performed by Professor Levy, the company’s CTO.
“Our mission is to save lives and reduce risks of accidents in all weather and lighting conditions,” said TriEye CEO and co-founder, Avi Bakal. “The expansion of our Series A round and the addition of Porsche as a strategic investor serves as further proof that SWIR is a critical component in the necessary sensor fusion solution to enable safer and better advanced driver assistance systems and autonomous vehicles.”
The amount invested by Porsche in the Israeli start-up was not disclosed.