Cipia raises $9M to expand automotive computer vision solutions
Cipia, a computer vision solutions provider for automotive applications, has secured over $9 million in funding through Private Investment in Public Equity (PIPE) led by Alexandre Weinstein. Other participants include Cartridge Holdings Ltd and Professor Eli, Executive Chairman of Cipia’s Board. Weinstein is a board member and a shareholder in Cipia; however, the funding comes from a private company in his ownership.
Cipia aims to use the funds to expand its footprint in various geographical locations, including in the US, Europe and China. Moreover, Cipia plans to continue its investment in research and development to provide technologically advanced vehicle in-cabin sensing solutions.
“This investment is a powerful vote of confidence in Cipia’s business strategy from both new and existing investors,” said Yehuda Holtzman, CEO of Cipia.
Previously known as Eyesight Technologies, Cipia builds its business model around AI computer vision technology that serves the automotive industry. Cabin Sense is the company’s occupancy and internal monitoring system, which provides passenger safety and an enhanced in-cabin experience.
The company’s technology can detect seat occupancy, child seat, posture, gender, passenger identification, anomaly detection and object detection. It can also recognize enrolled users and detect returning occupants according to the passengers’ preferences. The cabin-sensing system collects this data, which may be used to tailor the in-cabin experience, such as setting the cabin temperature and adjusting the seat position.
The company also offers an embedded hardware product called the Cipia-FS10, which is a video telematics and driver monitoring device with advanced computer vision and artificial intelligence. The Cipia-FS10 uses an infrared sensor to follow a driver’s head position, eyelids and gaze direction. This provides data that helps understand the driver’s state and identity.
Cipia’s funding follows news in October that Intel’s Mobileye unit, which provides systems for advanced driver assistance systems (ADAS) and autonomous vehicles (AV), is looking to become an independent company again with an IPO. There has been a tremendous interest in the outward-facing technologies for self-driving, but in-cabin sensing technology is continuing to advance through the use of edge AI and advances in chip technology from Nvidia and others. In-cabin entertainment and commerce are also areas of development by companies such as Renesas, SoundHound, and more.
Article Topics
automotive | Cipia | computer vision | edge AI | Mobileye | Nvidia | Renesas Electronics Corporation | SoundHound | venture capital
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