15 Nov 18

A show of confidence in the future of thermal sensors

AdaSky and Sungwoo Hitech signing funding agreement (Nov 2018)

South Korean company invests in Israeli FIR start-up

AdaSky, a pioneer in Far-Infrared technology (FIR) and designer of Viper, one of the smallest, high-resolution thermal cameras for autonomous vehicles, has secured a round of funding that will bring it closer to realising its vision of all-seeing, all perceiving, fully autonomous driving.

South Korean automotive components manufacturer Sungwoo Hitech has injected $20m (approximately 17.5 million Euro) into the company.

Cars that can see and perceive what’s around them

Part of a larger round of investment, the money will give the Israeli start-up additional resources to continue innovating in thermal FIR sensors and expanding its global operations.

Market Research group Yole Developpement (Yole) estimates a four-time growth in FIR units over the past five years, with automotive being a significant segment of that, driven by night vision and redundant safety for autonomous vehicles.

AdaSky says Viper is being trialled by a number of leading OEMs around the world but hasn’t yet named them. The company plans to continue this work alongside expanding its product features roadmap that will be revealed at CES 2019.

Authored by: Alison Pittaway