Wednesday, July 07, 2021

Xiaomi, Sinovation Ventures, and Inno-Chip Invest in Prophesee

Prophesee announces a strategic partnership and investment by Sinovation Ventures, Xiaomi, and Inno-Chip, an investment firm which has obtained investment and support from Will Semiconductor, owner of OmniVision. The amount of the new investment has not been disclosed.

This round of funding takes us another step closer to establishing Prophesee as a clear leader in applying neuromorphic methods to machine vision and AI. The commitment from these new partners is a strategic part of our evolution and growth plan that will give us expanded global access to customers, particularly in China, for our revolutionary event-based vision sensing and processing approach,” noted Luca Verre, CEO and founder of Prophesee. “As we continue to develop strategies to align with targeted market segments like mobile, automotive, AR and industrial automation, involvement from established leaders such as Sinovation, Xiaomi and Inno-Chip will complement our current expertise and business networks, and position us strongly in the relevant ecosystems.

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