Prosperity7 Ventures, a fund of Saudi Aramco, joined Sinovation, Xiaomi, Intel Capital, Robert Bosch Venture Capital, 360 Capital, iBionext, and the European Investment Bank in the round.
Prophesee has now raised $127 million since its founding in 2014
Prophesee’s approach to enabling machines to see claims to be a fundamental shift from traditional camera methods.
By using neuromorphic techniques to mimic the way that human brain and eye work, Prophesee’s event-based Metavision technology claims to reduce the amount of data needed to capture information.
Among the benefits of the sensor and AI technology are low latency, robustness to challenging lighting conditions, energy efficiency, and low data rate.
This makes it suitable for a broad range of applications in industrial automation, IoT, consumer electronics that require real-time video data analysis while operating under demanding power consumption, size and lighting requirements.
Prophesee’sbpartnership with Sony has resulted in an HD vision sensor that combines Sony’s CMOS image sensor technology with Prophesee’s event-based MetavisionBsensing technology.
It has established commercial partnership with leading machine vision suppliers such as Lucid, Framos, Imago and Century Arks, and its open-source model for accessing its software and development tools has enabled a fast-growing community of 5,000+ developers using the technology in new and innovative ways.