Paris-based Prophesee picks up €50 million to fundamentally shift how machines see
Summary
Luca Verre, co-founder and CEO of Prophesee: “Gaining the support of such a substantial investor as Prosperity7 adds another globally-focused backer that has a long-term vision and understanding of the requirements to achieve success with a deep tech semiconductor investment. We appreciate the rigor which they, and all our investors, have used in evaluating our technology and business model and are confident their commitment to a long-term relationship will be mutually beneficial.” Prophesee is taking a unique approach to enabling machines to see – moving away from traditional camera methods. Aysar Tayeb, the Executive Managing Director at Prosperity7: “Prophesee is leading the development of a very unique solution that has the potential to revolutionize and transform the way motion is captured and processed.” Among the benefits of the sensor and AI technology are ultra-low latency, robustness to challenging lighting conditions, energy efficiency, and low data rate. Prophesee has gained market traction with key partners around the world who are incorporating its technology into sophisticated vision systems for use cases in smartphones, AR/VR headsets, factory automation and maintenance, and science and health research. With its fundamentally differentiated AI-driven sensor solution, its demonstrated track record with global leaders such as Sony, and its fast-growing ecosystem of more than 5,000 developers using its technology, we believe Prophesee is well-positioned to enable paradigm-shift innovation that brings new levels of safety, efficiency and sustainability to various market segments, including smartphones, automotive, AR/VR and industrial automation.”