One could report on successful investment rounds by Israeli companies almost every day. Sure, the general conditions are difficult globally. The dictatorships of the world are using the opportunities that result from the West’s failed migration, industrial and energy policies, on the one hand by outsourcing production and on the other hand by woke interpretation regimes prevailing in the West.
Against this background, the successful finance round of C of Opsys is even more gratifying. Opsys Tech Ltd., based in Holon (Israel), is a leading developer of patented True Solid-State Scanning LiDAR technology, today announced the final closing of its Series C financing round.
The final closing raised $36.5 million, bringing the total amount of Series C funding to $51.5 million. The financing round included major investments by leading venture capital firms, including 83North, Osage University Partners, Translink Capital, and Saban Ventures.
The Series C financing will support the ramp of commercial automotive production quantities of Opsys Tech’s LiDAR sensor solutions. Opsys Tech has developed the world’s only highly reliable, low-cost, and high-performance solid-state scanning LiDAR sensor with absolutely no moving parts that meets “all specs at all times”.
Opsys Tech was founded in 2016 and has developed a world-leading patented True Solid-State Scanning LiDAR solution that will drive adoption and commercialization of autonomous and semi-autonomous vehicles with maximized safety and performance. Opsys Tech is headquartered in Israel, with locations in the United States, Europe and Asia.
based on press release by Opsys, selected as relevant, shortend, endorsed, regrouped by VonNaftali