Tel Aviv, Israel, September 29, 2022 /prnewswire/- sepia (TASE: CPIA), an AI pc imaginative and prescient in-cabin automotive options supplier, right now introduced that the corporate has $9M ,32.6M NISFinancing by means of non-public funding in public fairness (pipes). The funding was led by alexandre weinstein (Board member, stakeholder in Sepia and founding father of Olive Tree Ventures) by means of a personal firm with Cartridge Holdings Restricted and Prof. Eli TalmoreGovt Chairman of the Board of Sepia.
Yehuda HoltzmanCipia’s CEO stated, “This funding is a strong vote of confidence in Cipia’s enterprise technique, from each new and present traders. We are going to use this new funding to develop our enterprise exercise in world markets, notably the US.” will do, Europe And ChinaAnd rising in these markets reinforces our presence as a significant participant within the car in-cabin surveillance market.”
Traders purchased for 36,612,753 restricted shares of Sepia inventory 0.89 NIS per share, which is 13.96% larger than the closing value of the inventory on the day earlier than the approval of the funding by the Board of Administrators (0.78 NIS,
The newly raised funds shall be used to proceed investing within the analysis and improvement of Cipia’s car in-cabin sensing options and strengthen its advertising and marketing and gross sales actions with an emphasis on the US, European and Chinese language markets.
Sepia is a number one supplier of clever sensing options that use edge-based pc imaginative and prescient and AI for safer and higher mobility experiences. The corporate’s product lineup contains: Driver Sense – Driver Monitoring System, Cabin Sense – Occupancy Monitoring System and Cipia-FS10, a video telematics and driver monitoring resolution for telematics service suppliers and fleets.
Greater than a decade of analysis and improvement stand behind the corporate’s proprietary market-leading pc imaginative and prescient know-how, chosen by OEMs globally and serving autos on the roads right now.
Thus far, Sepia has 25 design wins throughout 8 completely different platforms amongst 5 automobile producers. Cipia’s OEM prospects presently embody SAIC Motors, an electrical automobile producer within the US, and Chery, an American automobile model. Chinaand an extra main automobile producer China,
Sepia continues to push the boundaries of what clever sensing options can see and obtain for higher and safer mobility.
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Sepia Firm Contact:
Supply iSight Cell Applied sciences Ltd.