Ride Vision raises $ 7 million for its AI-based motorcycle safety system – TechCrunch

Driving vision, an Israeli startup that is building an AI-based safety system to prevent motorcycle crashes, today announced it has raised a $ 7 million Series A round led by a crowdsourcing platform Our Crowd. YL Ventures, which typically specializes in cybersecurity startups but also led the company’s $ 2.5 million round of funding in 2018, Mobilion VC and motorcycle mirror maker Metagal also participated in this round. . The company has now raised a total of $ 10 million.

In addition to this new funding round, Ride Vision also today announced a new partnership with auto parts maker Continental.

“As motorcycle enthusiasts, at Ride Vision we are excited about the prospect of our international launch and our partnership with Continental,” said Uri Lavi, CEO and co-founder of Ride Vision, in the announcement of today. “This moment is an important milestone as we move towards our dream of making riders feel really safe while they enjoy the ride.”

The general idea here is quite simple and comparable to your car’s blind spot monitoring system. Using computer vision, Ride Vision’s system, Ride Vision 1, analyzes traffic around a rider in real time. It provides forward collision alerts and monitors your blind spot, but it can also tell you when you are following another biker or car too close. It can also just record your ride and soon it will be able to make emergency calls on your behalf when things go wrong.

As the company argues, the number of motorcycles (and other motorized two-wheeled vehicles) only increased during the pandemic, as people began to avoid public transport and sought relatively affordable alternatives. In Europe, sales of two-wheeled vehicles increased by 30% during the pandemic.

The hardware on the bike itself is pretty straightforward. It includes two wide-angle cameras (one in the front and one in the rear), as well as warning indicators on the mirrors, as well as the main computing unit. Ride Vision holds patents on its human-machine warning interface and vision algorithms.

It should be noted that there are already blind spot monitoring solutions for motorcycles on the market, including those from Innovv and Senzar. Honda also has patents on similar technologies. These do not provide the type of 360 degree view that Ride Vision is aiming for.

Ride Vision says its products will be available in Italy, Germany, Austria, Spain, France, Greece, Israel and the UK in early 2021, the US, Brazil, Canada, l Australia, Japan, India, China and others will follow later.


Source link

About the author