Oryx Vision, a Petach Tikva, Israel-based developer of solid state depth sensing solutions for autonomous vehicles, raised $17m in Series A funding.
The round was led by Bessemer Venture Partners (BVP), with participation from Maniv Mobility and Trucks VC. In conjunction with the funding, BVP Partner Adam Fisher will join Oryx’s board of directors.
The company will use the new funds to accelerate its expansion, and recruit physicists, electrical engineers and computer scientists.
Founded in 2009 by David Ben-Bassat, a world expert in electro-optics, who previously founded RFWaves and sold it to Vishay, who was joined by co-founder and CEO Rani Wellingstein, an entrepreneur who sold his previous company Intucell to Cisco in 2013, Oryx Vision provides depth-sensing technology for autonomous vehicles that sends safe light pulses at the long wave infrared spectrum based on nano antennas – which are only 5/1000th of a millimeter in diameter – that receive light waves like radio waves.