Prophesee Raises $28M

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PRNewswire, EETimes: Paris-based event-based vision startup Prophesee SA raises another €25M ($28M) in funding, bringing its total to date to $68M. Led by the European Investment Bank (EIB), this round includes investments from Prophesee’s original investors iBionext, 360 Capital Partners, Robert Bosch Venture Capital and Supernova Invest, as well as undisclosed investors.

Prophesee is now working on its 4th generation sensor, reducing the size by a factor of ten, improving the resolution and increasing the performances to enable computation and data analysis at the edge and reduce energy consumption. Mass production of this 4th generation is expected at the end of 2020.

Prophesee employs more than a hundred people and plans to hire more salespeople to build and maintain relationships with customers. The company has filed 51 patents.

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