Porsche invests in ‘low visibility’ sensor startup TriEye – gpgmail


Porsche’s venture arm has acquired a minority stake in TriEye, an Israeli startup that’s working on a sensor technology to help vehicle driver-assistance and self-driving systems see better in poor weather conditions like dust, fog and rain.

The strategic investment is part of a Series A financing round that has been expanded to $19 million. The round was initially led by Intel Capital and Israeli venture fund Grove Ventures. Porsche has held shares in Grove Ventures since 2017.

TriEye has raised $22 million to date. Terms of Porsche’s investment were not disclosed.

The additional funding will be used for ongoing product development, operations and hiring talent, according to TriEye.

The advanced driver-assistance systems found in most new vehicles today typically rely on a combination of cameras and radar to “see.” Autonomous vehicle systems, which are being developed and tested by dozens of companies such as Argo AI, Aptiv, Aurora, Cruise and Waymo, have a more robust suite of sensors that include light detection and ranging radar (lidar) along with cameras and ultrasonic sensors.

For either of these systems to function properly, they need to be able to see in all conditions. This pursuit of sensor technology has sparked a boom in startups hoping to tap into demand from automakers and companies working on self-driving car systems.

TriEye is one of them. The premise of TriEye is to solve the low visibility problem created by poor weather conditions. The startup’s co-founders argue that fusing existing sensors such as radar, lidar and standard cameras don’t solve this problem.

TriEye, which was founded in 2017, believes the answer is through short-wave infrared (SWIR) sensors. The startup said it has developed an HD SWIR camera that is a smaller size, higher resolution and cheaper than other technologies. The camera is due to launch in 2020.

The technology is based on advanced nano-photonics research by Uriel Levy, a TriEye co-founder and CTO who is also a professor at the Hebrew University of Jerusalem.

The company says its secret sauce is its “unique” semiconductor design that will make it possible to manufacture SWIR HD cameras at a “fraction of their current cost.”

TriEye’s technology was apparently good enough to get Porsche’s attention.

Michael Steiner, a Porsche AG board member focused on R&D, said the technology was promising, as was the team, which is comprised of people with expertise in deep learning, nano-photonics and semiconductor components.

“We see great potential in this sensor technology that paves the way for the next generation of driver assistance systems and autonomous driving functions,” Steiner said in a statement. “SWIR can be a key element: it offers enhanced safety at a competitive price.”


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Hyundai’s fuel cell SUV just scored a top safety rating from IIHS – gpgmail


The Hyundai Nexo, a hydrogen fuel cell SUV first unveiled at CES 2018, has earned a top safety award from the Insurance Institute for Highway Safety.

The award, announced Thursday, marks two firsts. The Nexo is the first fuel cell vehicle to earn IIHS’s top safety award. Then again, it’s also the first fuel cell vehicle IIHS has ever tested.

The top safety pick+ award is for 2019 Hyundai Nexo vehicles built after June 2019, when the automaker adjusted the headlights to provide better visibility through curves. Any Nexo vehicles produced prior to June still get high marks, but fall short of the top award. Instead, they qualify for IIHS’ second-tier top safety award. The Nexo joins other 2019 Hyundai and Kia vehicles to earn top safety pick+ awards, including the Hyundai Elantra, Kia Niro hybrid and Kia Soul.

The market for the Nexo is small right now. Within the U.S., the new vehicle, which has a base price of $58,300, is only sold in California. Deliveries of the vehicle to California residents began in December 2018. The vehicle has been available to customers in Korea since early 2018.

Normally, such a limited vehicle wouldn’t be included in IIHS’s routine test schedule, the organization said. Hyundai nominated the vehicle for testing. IIHS says it ended up benefitting too because it gave the organization an early opportunity to evaluate a hydrogen fuel cell vehicle.

Earning this top safety pick+ award isn’t easy. A vehicle has to earn good ratings in the driver-side small overlap front, passenger-side small overlap front, moderate overlap front, side, roof strength and head restraint tests. It also needs an advanced or superior rating for front crash prevention and a good headlight rating.

The Nexo, a midsize luxury SUV, has good ratings in all six crashworthiness tests, IIHS said. The Nexo’s standard front crash prevention system earned a superior rating. The vehicle avoided collisions in 12 mph and 25 mph track tests and has a forward collision warning system that meets National Highway Traffic Safety Administration criteria, according to IIHS.

The Nexo could someday become more common, and even used in fleets. Self-driving vehicle startup Aurora has been working with Hyundai and Kia for the last year to integrate its “Driver” into Hyundai’s Nexo.


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