Chronocam SAS, a Paris, France-based developer of biologically-inspired vision sensors and computer vision solutions for automotive, IoT and other applications requiring vision processing, raised $15m in Series B financing.
The round was led by Intel Capital, with participation from iBionext, Robert Bosch Venture Capital GmbH, 360 Capital, CEAi and Renault Group.
The company intends to use the funds to accelerate product development and commercialize its computer vision sensing and processing technology, as well as to expand into key markets, including the US and Asia.
Led by Luca Verre, CEO and co-founder, Chronocam is developing a bio-inspired and self-adapting approach to the need for visual sensing and processing in autonomous vehicles, connected devices, security and surveillance systems.
Its vision sensors and systems replicate the functioning of the human eye and address the limitations of conventional vision sensors by enabling real time sensing of the relevant dynamic scene context and acquiring only what is necessary.