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Prophesee closes €50M C Series round with new investment from Prosperity7 to drive commercialization of revolutionary neuromorphic vision technology; Becomes EU's most well-funded fabless semiconductor startup

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PARIS, September 23, 2022 – Prophesee, the inventor of the world’s most advanced neuromorphic vision systems, today announced the completion of its Series C round of funding with the addition of a new investment from Prosperity7 ventures. The round now totals €50m, including backing from initial Series C investors Sinovation Ventures and Xiaomi. They join an already strong group of international investors from North America, Europe and Japan that includes Intel Capital, Robert Bosch Venture Capital, 360 Capital, iBionext, and the European Investment Bank.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Prophesee has raised a total of $127M since its founding in 2014.
  • With this round Prophesee is the most well-funded fabless semiconductor startup in the EU.

Click image above to view full announcement.

About Prophesee

Prophesee is the inventor of the world’s most advanced neuromorphic vision systems. The company developed a breakthrough Event-Based Vision approach to computer vision. This new vision category allows for significant reductions of power, latency and data processing requirements to reveal what was invisible to traditional frame-based sensors until now. Prophesee’s patented Metavision® sensors and algorithms mimic how the human eye and brain work to dramatically improve efficiency in areas such as autonomous vehicles, industrial automation, IoT, security and surveillance, and AR/VR. Prophesee is based in Paris, with local offices in Grenoble, Shanghai, Tokyo and Silicon Valley. The company is driven by a team of more than 100 visionary engineers, holds more than 50 international patents and is backed by leading international equity and corporate investors including 360 Capital Partners, European Investment Bank, iBionext, Intel Capital, Prosperity7 Ventures, Robert Bosch Venture Capital, Sinovation, Supernova Invest, Will Semiconductor, Xiaomi.

Learn more: www.prophesee.ai

Contacts:

Mike Sottak

+1 650 248 9597

[email protected]

Source: PROPHESEE

Distributed by: Reportable, Inc.

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