Ride Vision, an Israeli startup that is building an AI-driven safety system to prevent motorcycle collisions, today announced that it has raised a$ 7 million Serials A round led by crowdsourcing platform OurCrowd. YL Ventures, which typically specializes in cybersecurity startups but also produced the company’s $2.5 million seed round in 2018, Mobilion VC and motorcycle reflect producer Metagal also participated in this round. The company have already had fostered a total of $10 million.
In addition to this new funding round, Ride Vision also today announced a new partnership with automotive personas manufacturer Continental.
” As motorcycle fanatics, we at Ride Vision are excited at the prospect of our international launching and our partnership with Continental ,” Uri Lavi, CEO and co-founder of Ride Vision, said in today’s announcement.” This time is a major milestone, as we stride toward our dream of empowering bikers to feel rightfully safe while they enjoy the move .”
As the company debates, the number of motorcycles( and other motorized two-wheeled vehicles) has only increased during the pandemic, as beings started evading public transport and looked for relatively affordable alternatives. In Europe, sales of two-wheeled vehicles increased by 30% during the pandemic.
The hardware on the motorcycle itself is pretty straightforward. It includes two wide-angle cameras( one each at the figurehead and rear ), as well as alerting gauges on the reflects, as well as the primary computing unit. Ride Vision has patents on its human-machine warning interface and seeing algorithms.
It’s worth noting that there are some blind-spot monitoring mixtures for motorcycles on the market already, including those from Innovv and Senzar. Honda also has patents on same technologies. These do not provide the kind of 360 -degree was of the opinion that Ride Vision is aiming for.
Ride Vision says its concoctions will be available in Italy, Germany, Austria, Spain, France, Greece, Israel and the U.K. in early 2021, with the U.S ., Brazil, Canada, Australia, Japan, India, China and others following later.
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