Israel’s Corephotonics Raises $15 Million; Investors Include Samsung Ventures, Foxconn, MediaTek and a Tier-1 Smartphone OEM

The company, which pioneered dual cameras for smartphones, will use the funds to develop next generation cameras, and to expand its design wins among mobile OEMs (Tel Aviv, January 11, 2017) – Corephotonics, a startup developing dual camera technologies for smartphones, recently completed a $15 million funding round. To date, the company has raised more than[…]

Magna taps Innoviz for LiDAR to add to its autonomous driving system

Global automaker supply leader Magna International is teaming up with LiDAR-maker Innoviz to help fill out its sensor fusion picture for self-driving vehicles, the companies announced Tuesday. The addition of Innoviz’s LiDAR sensor means Magna’s suite now includes carmakers, ultrasonic and RADAR fusion sensing capabilities, which essentially covers the range of available sensing techniques used in creating[…]