Investors: Sinovation Ventures, Xiaomi and Inno-Chip, an investment firm which has obtained investment and support from Will Semiconductor, owner of OmniVision.

Objectives: Prophesee said it will use the funds to accelerate the development and commercialization of its next generation of hardware and software products.

CEO quote: “If I want — and I do want — to make Prophesee a global company, we need to succeed in China because it is the most important market for our technology,” Luca Verre, cofounder and CEO of Prophesee, told EE Times Europe.

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