Gauzy buys French co Imaginative and prescient Methods, raises $60m

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Israeli gentle management nanotech and good glass firm Gauzy has introduced that it has acquired French firm Imaginative and prescient Methods, which develops ADAS (Superior Driver Help System) and shading options for the aeronautic, land transport, and marine industries. The acquisition of Imaginative and prescient Methods expands Gauzy’s capacity to offer gentle management applied sciences, shading consolation administration methods and ADAS options, from improvement via integration, in a spread of industries. No monetary particulars had been disclosed concerning the acquisition.

Gauzy has additionally introduced the completion of a $60 million Sequence D financing spherical from buyers together with IBEX, Olive Tree VC, Blue Purple Companions, Waarde Capital, and Avery Dennison (NYSE: AVY) in addition to new buyers embrace Walleye Capital, 3A Capital, Klirmark, and Davidson Capital.

Following the acquisition, new merchandise being supplied by Gauzy will embrace digital camera based mostly picture evaluation and monitoring methods, and good mirrors that may embrace gentle management components, relevant and personalised for personal, public and industrial automobiles.

Gauzy will combine its PDLC (polymer dispersed liquid crystal) and SPD (suspended particle gadgets) applied sciences into ADAS merchandise and ecosystems. Mild management expertise can be utilized in ADAS to cut back visible obstructions corresponding to glare on the highway, create security gates with on the spot on-demand privateness for public transport operators if there’s a perceived risk, and for top distinction switchable clear shows to speak security messages to the encompassing setting.

Gauzy will proceed to supply its personal gentle management enabling applied sciences, together with nanoparticle interlayers and {hardware}, via its rising distribution channel of over 70 licensed companions and intensive portfolio {of professional} prospects.

Gauzy, based by CEO Eyal Peso and CTO Adrian Loffer, mentioned that 2021 income was almost $50 million. Prospects embrace LG Show, BMW, Texas Devices, Gensler, Clestra Hausermann, HondaJet, Airbus, Silver Arrow Marine, Fritzmeier, Prevost and others in addition to strategic alliances with Hyundai and Avery Dennison.

Peso mentioned, “As leaders in materials science, Gauzy is dedicated to innovation that issues. A core motivation for this strategic acquisition is diversification, most notably marked with Gauzy’s enlargement into ADAS (superior driver help methods) and APAS (superior passenger help methods) merchandise. Additional advancing ADAS and APAS options to include LCG applied sciences from a system based mostly strategy addresses a rising demand for security centered options within the transportation trade. We can be not solely working in the direction of methods that help drivers, but in addition passengers, occupants, and basic customers of our merchandise throughout industries.”







Imaginative and prescient Methods CEO Carl Putman added, “This alliance offers rise to a global group, specialised in options that improve security and luxury in transportation and structure. This technique was made doable because of the progressive efforts made by each corporations these previous couple of years, and to the visionary administration and strategic advertising and marketing strategy. As well as, excellent know-how within the subject of nanomaterials mixed with high-level experience in integrating electronics and composite into full methods, will allow the event of a spread of personalized merchandise being the best-in-class in the marketplace.”

Printed by Globes, Israel enterprise information – en.globes.co.il – on February 8, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.


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