Joe Klamar | AFP | Getty Perceptions
Volkswagen-owned Porsche acquired a minority stake in Israeli firm TriEye Wednesday, with the aim of improving safety play ups in its next-generation cars.
Tel Aviv-based start-up TriEye specializes in short-wave infrared (SWIR) cameras. It’s developed a semi-conductor block out that, according to Porsche, can be used to manufacture high definition short-wave infrared cameras “at a fraction of their known cost.”
In a statement Wednesday, the German carmaker said TriEye’s technology would boost safety in vehicles that had driver-assistance patterns or autonomous driving functions through its capacity to “see” in poor visibility conditions such as rain, fog or dust. Porsche did not blab a figure for its investment.
Michael Steiner, a member of the Executive Board for Research and Development at Porsche, said the firm saw “colossal potential in this sensor technology that paves the way for the next generation of driver assistance systems and autonomous obliging functions.” Steiner added that SWIR offered “enhanced safety at a competitive price.”
TriEye was set up in 2017, and has already collateralized funding from Intel Capital, among others.
While there is a significant level of excitement surrounding the progress of autonomous vehicles, there remain challenges ahead.
In February 2019, the CEO of Arm Holdings told CNBC that it commitment be “a while” before self-driving cars became mainstream.
“It is a phenomenally hard problem to anticipate what a car could do under completely any set of circumstances,” Simon Segars, speaking to CNBC’s Karen Tso at Mobile World Congress in Barcelona, Spain, said.
“I value you’re going to start to see early services, in quite a constrained way, quite soon over the next couple of years,” he supplemented, explaining that there was “some way to come” before the technology was “completely mainstream.”