Cipia (TASE: CPIA), a Tel Aviv, Israel-based AI computer vision in-cabin automotive solutions provider, secured over $9M (32.6M NIS) of funding via Private Investment in Public Equity (PIPE).
The round was led by Alexandre Weinstein, with participation from Cartridge Holdings Ltd, and Professor Eli Talmor.
The company intends to use the funds to continue investment in research and development of its vehicle in-cabin sensing solutions, and to strengthen its marketing and sales activities with focus on the US, European, and Chinese markets.
Led by CEO Yehuda Holtzman, Cipia is a provider of intelligent sensing solutions that use edge-based computer vision and AI for safer mobility experiences. The company’s product lineup includes: Driver Sense, occupancy monitoring systems and Cipia-FS10, a video telematics and a driver monitoring solutions for telematics service providers and fleets.
Cipia’s OEM customers currently include an electric car manufacturer in the US, SAIC Motors, Chery, an American car brand in China, and one additional leading car manufacturer in China.
FinSMEs
29/09/2022