Foresight Raises Additional $6.9 Million (NIS 25 Million) Including from Leading Israeli Institutional Investors Through Private Placements
Summary
NESS ZIONA, Israel--( BUSINESS WIRE )--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has entered into private placement agreements with Israeli investors, including Meitav Dash Group and Psagot Investment House, two leading Israeli institutional investors.Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry.Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing, and sensor fusion.The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicles surroundings while in motion.The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts.