Porsche invests in ‘low visibility’ sensor startup TriEye
https://techcrunch.com/2019/08/21/porsche-invests-in-low-visibility-sensor-startup-trieye/
Porsche’s venture arm has acquired a minority stake in TriEye, an Israeli startup that’s working on a sensor technology to help vehicle driver-assistance and self-driving systems see better in poor weather conditions like dust, fog and rain.
The strategic investment is part of a Series A financing round that has been expanded to $19 million. The round was initially led by Intel Capital and Israeli venture fund Grove Ventures. Porsche has held shares in Grove Ventures since 2017.