Valens, a Hod HaSharon, Israel-based developer of HDBaseT technology for the audiovisual and automotive markets, raised $63m in funding.
The round was led by Linse Capital, which was joined by Oppenheimer Asset Management.
The company intends to use the funds to accelerate the development of its portfolio for the autonomous vehicle sector and address the ongoing requirements of its automotive partners.
Led by Dror Jerushalmi, CEO and Co-Founder, Valens is advancing advanced audio/visual chipset technology to the automotive world. Its HDBaseT Automotive chip technology enables in-vehicle connectivity, converging audio & video, Ethernet, USB, controls, PCIe, and power over a single cable. HDBaseT is used by audio/video component manufacturers.