Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Prophesee, a French startup that introduced first ‘Event-Based’ vision sensor picks up €25M funding

Editorial team by Editorial team
October 29, 2019
in Startups, (Crowd)funding, AI and chatbots, News
0
Prophesee, a French startup that introduced first ‘Event-Based’ vision sensor picks up €25M funding
38
SHARES
LinkedInTwitterWhatsAppFacebook

Prophesee SA, formerly known as Chronocam, has raised $28 million (approx €25 million) in funding, bringing its total funding to date to $68 million (approx €61 million). 

This funding round was led by European Investment Bank, along with existing investors, including as iBionext, 360 Capital Partners, Robert Bosch Venture Capital, and Supernova Invest as well as undisclosed investors. 

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Luca Verre, co-founder, and CEO of Prophesee said:

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 initial industrialization engagements. This latest round of financing will help us move rapidly from these successes to broader market adoption. Our agreement with the EIB gives us a flexible and practical way to access capital we need and having the backing of our original investors further strengthens our ability to take advantage of the market opportunities we see in critical sectors.

Developing Metavision sensor!

Based out of Paris, the company intends to use the funding to develop and commercialise the Metavision sensor and its neuromorphic algorithm innovations that provide high performance and predictive maintenance applications in industry 4.0.

Machine vision sensors inspired by biological eyes!

Founded in 2014, the company developed a breakthrough “Event-Based” approach to machine vision that allows for significant latency, reductions of power, and data processing requirements imposed by traditional frame-based systems.

Mimic’s human eye and brain!

Prophesee’s patented neuromorphic-based sensors and algorithms mimic how the human eye and brain work to improve efficiency in areas – industrial automation, autonomous vehicles, IoT, security and surveillance, and AR/VR.

Achieve much higher dynamic ranges!

Talking about the Metavision sensors, every single pixel is independent, asynchronous, and only activates itself if it senses a change in the scene, a movement.

 Notably, it enables sensors to achieve much higher dynamic ranges (>120dB). It allows cost-efficient sensors and systems to record events that would otherwise require conventional cameras to run at 10,000 images/second and more.

Bernard Gilly of iBionext, Chairman, said: 

Prophesee continues to execute on its strategy to deliver truly disruptive and game-changing innovation to the world of machine vision. Rooted in several years of development and strengthened with key commercial partners, the company is now poised to achieve much wider industrial penetration. Together with the existing investors, the strong support of the EIB gives the company the resources needed for its growth and makes us even more confident in its success.

Main image credit: Prophesee

Stay tuned to Silicon Canals for more European technology news.

SCA: A litmus test for Europe!

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: French Startupsfundingstartups
Share2Tweet9SendShare18

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Blue Tulip Awards celebrates International Women’s Day: maximum performance can only come from a diverse team

Future Hamburg Award: Looking for the best startups to forge the city of the future

The Humblebrag launches online course to help emerging leaders amplify their visibility and voice

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Breaking news from Amsterdam | Partner

Amsterdam’s Crisp raises €30M: Here’s what this online-only supermarket plans to do with this capital

Amsterdam-based Tellow’s parent company raises €60.2M: An interview with Thomas Vles, Tellow’s new CEO

Amsterdam-based fast-charging startup Fastned charges itself with €150M through accelerated bookbuild offering

Amsterdam-based Founda Health raises €12.3M to build infrastructure for global healthcare sector; here’s how

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info