Friday, April 19th | 11 Nisan 5784

Subscribe
May 20, 2020 10:01 am
0

Israeli 3D Imaging Sensor Company Newsight Raises $7 Million From Israeli-Chinese Fund Infinity

× [contact-form-7 404 "Not Found"]

avatar by CTech Staff

The lidar sensor is seen on a self driving Volvo vehicle, purchased by Uber, Phoenix, Arizona, U.S., December 1, 2017. Photo: REUTERS/Natalie Behring.

CTech – Israel-based startup Newsight Imaging has raised $7 million in a series A funding round led by Israeli-Chinese equity fund Infinity Equity Management, Newsight announced Sunday.

Founded in 2016 and based in Ness Ziona, a town in central Israel, Newsight develops chips containing high frame-rate 3D imaging sensors for robotics, drones, and the automotive industry. The company has additional offices in Shenzhen and Jiashan in China.

Newsight recently completed a pilot with Israel’s national water company Mekorot Water Company and successfully tested an at-home virus detection reference design in collaboration with an unnamed Israeli medical center, the company said in a statement.

The current round brings Newsight’s total funding raised to $15 million. The company intends to use the funding for research and development as well as expanding its sales and marketing teams.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.