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AdaSky Raises $20 Million for its Far-Infrared Camera Technology for Self-Driving Cars

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【Summary】AdaSky, an Israeli-based company developing Far-Infrared technology (FIR) for the automotive industry, announced it has secured $20 million in new funding from lead investor, Sungwoo Hitech Co., Ltd, a leading global automotive supplier.

Eric Walz    Nov 16, 2018 2:09 PM PT
AdaSky Raises $20 Million for its Far-Infrared Camera Technology for Self-Driving Cars
author: Eric Walz   

AdaSky, an Israeli-based company developing Far-Infrared technology (FIR) for the automotive industry, announced it has secured $20 million in new funding from lead investor, Sungwoo Hitech Co., Ltd, a leading global automotive supplier.

The investment is part of a larger round of funding, signifying industry endorsement of AdaSky's Far-Infrared (FIR) technology and will enable the company to expand globally.

"We are thrilled to partner with Sungwoo Hitech for their resource and guidance in the South Korean market and globally. This funding will allow us to rapidly scale to meet the global market pull for our technology," said AdaSky CEO, Yakov Shaharabani.

AdaSky developed its Viper FIR camera as a complete solution for autonomous vehicles. The Viper combines a far infrared (FIR) thermal camera with advanced machine vision algorithms that allows autonomous vehicles see and understand the road in the rain, at night, and in fog. The compact Viper system is 2.6 cm in diameter and 4.3 cm long. The solid state camera has no moving parts and meets ISO 26262 automotive safety standards.

AdaSky's FIR camera technology is combined with fusion-ready, deep-learning computer vision algorithms. AdaSky's computer vision algorithms process the data collected by the camera to provide accurate object detection and scene analysis up to 200 meters away, giving autonomous vehicle a new layer of information.

The technology allows autonomous vehicles to reliably detect, segment, and analyze pedestrians, bicyclists, animals, objects, and road conditions, regardless of weather conditions. The Viper is also passive, which means it does not need to illuminate the road ahead, nor will it cause interference with other vehicle systems.

viper.PNG

An overview of AdaSky's Viper FIR Camera

AdaSky's founding team is made up of veterans from the semiconductor, thermal sensor, image-processing, and computer vision markets. They have been developing state-of-the-art FIR sensing solutions for the past ten years.

Lead investor Sungwoo Hitech supplies products to global automakers including Hyundai Motors, General Motors, BMW, Volkswagen, Daimler, and Nissan. The Korea-based company is targeting new business opportunities in the fields of electric vehicles battery packs and sensors for autonomous cars, which led to its investment in AdaSky.

"Viper is the smallest, highest-resolution thermal camera for autonomous vehicles on the market. We strongly believe that AdaSky's technology will enable 24/7 sight and perception for vehicles and put us all on the path to fully autonomous driving," said Myung-Keun Lee, Chairman & Co-CEO of Sungwoo Hitech. "Our investment in AdaSky strengthens our capabilities in supplying key technology for OEMs of autonomous vehicles, which is vital for our long-term growth in the automotive market."

According to a new report from Market Research Future,  The global automotive FIR camera market is growing rapidly, mainly due to the demand for improved automotive safety and visibility, driven by the growing number of accidents caused by the limited vision of human drivers. However, much of this new demand is for night vision and redundant safety systems for autonomous vehicles.

To achieve autonomous driving, vehicles must first have fail-safe vision and perception in dynamic, changing lighting conditions, including direct sunlight. Other sensors used in autonomous development, such as LiDAR and radar, have reduced performance under these low-visibility conditions.

AdaSky airm to expedite level 3 and 4 autonomous driving with its FIR camera, which allows a vehicle to "see" up to 200 meters down the road in total darkness or any weather conditions.

The company plans to continue its work on R&D projects and trials with OEMs and will expand its product feature roadmap, including new features and integrations to be introduced at CES 2019 in January.


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