Israel-based Unispectral has raised $7.5 million Series A for its camera sensor technology with next-generation seeing and sensing capabilities. The funding was provided by Jerusalem Venture Partners (JVP), RBVC (Robert Bosch Venture Capital), Samsung Catalyst Fund (the early stage investment arm of Samsung Strategy & Innovation Center) and The Tel Aviv University Technology Innovation Momentum Fund. The money will be used to hire additional people and expedite product development.
Speaking of product, Unispectral is working on a hyperspectral imaging sensor for the consumer market that will provide unprecedented low light and rich color functionality, complemented by better resolution. This patented technology will be applicable to a wide range of use cases such as wearables, digital health and medical imaging, Internet of Things, industrial and agriculture applications, and more. Also, it can distinguish material properties in solids, liquids and gases.
“This strategic investment by JVP, Bosch and Samsung demonstrates the value of our unique solution,” Unispectral CEO Rami Feig said in a statement. “Unispectral is leading the revolution in the way we see and capture scenes of the world, from human vision to computer vision.”
The company’s technology is based on seven years of research conducted at Tel-Aviv University by several leading researchers, including the Technology Innovation Momentum Fund, which is jointly owned by Tel Aviv University, Tata, Temasek and other investors.
Unispectral co-founding team includes Prof. David Mendlovic, winner of the 1998 ICO (International Commission of Optics) Award, who has authored more than 200 articles and holds more than 40 patents, many of which have been commercialized; Ariel Raz, whose M.Sc. and doctoral studies research resulted in a breakthrough in the field of imaging and in the fundamental patents that underlie Unispectral’s technology; and Rami Feig, CEO, who led numerous multidisciplinary development projects, including at the Electronics Research Department of the Israeli Ministry of Defense.