Prophesee (formerly Chronocam) announces initial closing of $19M funding round PROPHESEE

PARIS, February 21, 2018 – Prophesee SA (formerly Chronocam), inventor of world's most advanced neuromorphic vision systems, today announced it has closed the initial tranche of its Series B financing round, which will total $19 million. Led by a new strategic investor from the electronics industry, the round also included staged investments from Prophesee's existing investors: 360 Capital Partners, Supernova Invest, iBionext, Intel Capital, Renault Group, and Robert Bosch Venture Capital. The financing is further market validation of the company's patented approach to revolutionizing the next generation of machine vision applications, such as autonomous vehicles, robots, industrial automation and IoT devices. This new technology allows cameras and sensors for the first time to view and analyze extremely fast and fleeting events, as well as effectively operate in challenging conditions like extreme light contrasts. Prophesee-powered systems also operate at record levels of power efficiency, enabling sensor ubiquity and portability.