Neuromorphic vision provider, Prophesee, has announced investment from tech venture capital firm Sinovation Ventures to strengthen its presence in China.

Mobile phone supplier Xiaomi is also a new corporate investor, as is Inno-Chip, an investment firm which has obtained investment and support from Will Semiconductor, owner of OmniVision.

The involvement by Sinovation and its founder Dr Kai-Fu Lee represents a significant endorsement from an expert in AI technology and venture capital, Prophesee said.

Sinovation has more than $2.5 billion assets under management, and this is the first investment by the fund in a Europe-based company as it primarily invests in the China market.

The strategic involvement of Xiaomi and Inno-Chip provides additional reach into the mobile and semiconductor segments.

Neuromorphic vision, or event-based imaging, is so called because the technology operates more in line with how biological vision works. Rather than capturing everything in a scene with each frame, event-based sensors only register changes in a scene. This means low power, latency and data processing requirements compared to traditional frame-based sensors.

For full article