Experience Imaginative and prescient raises $7M for its AI-based motorbike security system

By | November 16, 2020

Ride Vision, an Israeli startup that’s constructing an AI-driven security system to forestall motorbike collisions, at present introduced that it has raised a $7 million Collection A spherical led by crowdsourcing platform OurCrowd. YL Ventures, which usually makes a speciality of cybersecurity startups but in addition led the corporate’s $2.5 million seed spherical in 2018, Mobilion VC and motorbike mirror producer Metagal additionally participated on this spherical. The corporate has now raised a complete of $10 million.

Along with this new funding spherical, Experience Imaginative and prescient additionally at present introduced a brand new partnership with automotive components producer Continental .

“As motorbike lovers, we at Experience Imaginative and prescient are excited on the prospect of our worldwide launch and our partnership with Continental,” Uri Lavi, CEO and co-founder of Experience Imaginative and prescient, mentioned in at present’s announcement. “This second is a significant milestone, as we stride towards our dream of empowering bikers to really feel really protected whereas they benefit from the trip.”

The final concept right here is fairly simple and comparable with the blind-spot monitoring system in your automotive. Utilizing laptop imaginative and prescient, Experience Imaginative and prescient’s system, the Experience Imaginative and prescient 1, analyzes the visitors round a rider in actual time. It supplies ahead collision alerts and screens your blind spot, however it will possibly additionally let you know once you’re following one other rider or automotive too intently. It may well additionally merely report your trip and, coming quickly, it’ll be capable of make emergency calls in your behalf when issues go awry.

As the corporate argues, the variety of bikes (and different motorized two-wheeled automobiles) has solely elevated through the pandemic, as individuals began avoiding public transport and appeared for comparatively reasonably priced alternate options. In Europe, gross sales of two-wheeled automobiles elevated by 30% through the pandemic.

The {hardware} on the motorbike itself is fairly simple. It contains two wide-angle cameras (one every on the entrance and rear), in addition to alert indicators on the mirrors, in addition to the primary computing unit. Experience Imaginative and prescient has patents on its human-machine warning interface and imaginative and prescient algorithms.

It’s value noting that there are some blind-spot monitoring options for bikes available on the market already, together with these from Innovv and Senzar. Honda additionally has patents on comparable applied sciences. These don’t present the type of 360-degree view that Experience Imaginative and prescient is aiming for.

Experience Imaginative and prescient says its merchandise will likely be obtainable in Italy, Germany, Austria, Spain, France, Greece, Israel and the U.Okay. in early 2021, with the U.S., Brazil, Canada, Australia, Japan, India, China and others following later.

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