This news is a few weeks old now but I think its relevance could be quite important for us in regards to growth and new markets. The funding from Prosperity7 , a subsidiary of Saudi Aramco - the worlds largest oil producer, shows just how revolutionary this new technology from Prophesee is…and Brainchip makes it better!
Prophesee, the inventor of the world's most advanced neuromorphic vision systems, today announced the completion of its Series C round of funding with the addition of a new investment from Prosperity7 ventures. The round now totals €50m, including backing from initial Series C investors...
finance.yahoo.com
Prosperity7 Ventures, the diversified growth global fund of Aramco Ventures - a subsidiary of Saudi Aramco, is on constant search for transformative technologies and innovative business models. Its mission is to invest in the disruptive technologies with the potential to create next-generation technology leaders and
bring prosperity on a vast scale. It currently has $1B under management and holds diversified investments across various sectors, including in deep tech and bio-science companies.
Prophesee is leading the development of a very unique solution that has the potential to revolutionize and transform the way motion is captured and processed." noted Aysar Tayeb, the Executive Managing Director at Prosperity7.
Aysar further emphasized "Prophesee and its unique team hit the criteria we are constantly searching for in startup companies with truly disruptive, life-changing technologies."
The round builds further momentum for Prophesee in accelerating the development and commercialization of its next generation hardware and software products, as well as position it to address new and emerging market opportunities and further scale the company. The support from its investors strengthens its ability to develop business opportunities across key ecosystems in semiconductors, industrial, robotics, IoT and mobile devices.
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