Bright Way Vision News
5 articles
Eyal Levi Appointed CEO of Bright Way Vision
Eyal Levi has been appointed CEO of Bright Way Vision, a company that develops the worlds first automotive GatedVision camera system for night and all-weather vision. The appointment will enable Levi to orchestrate large transactions with automotive OEMs and tier-one companies. Dr. Ofer David, the previous CEO, has been promoted to Chairman of the Board and will focus on developing the new generation of night and all-weather cameras. Bright Way Visions product, VISDOM, is a market-ready enhanced-vision solution for the automotive and transportation industries.
Management Changes
Elbit Subsidiary BrightWay Raises $25 Million
BrightWay Vision Ltd., a subsidiary of Elbit Systems, has raised $25 million in investment from Koito Manufacturing Co. Ltd. and Magenta Venture Partners. The investment will give Koito and Magenta a combined 38.5% stake in BrightWay. BrightWay develops a multi-functional vision and ranging system for the automotive industry using active gated imaging technology.
Investment
Israeli startup uses army night-vision tech to help prevent car accidents
Israeli startup BrightWay Vision has developed a night-vision technology that extends the vision range of drivers in all weather and lighting conditions. The system, which uses gated vision technology, enables drivers to see at least 250 meters ahead, compared to the average range of 50 to 120 meters. The companys technology can be used as a standalone or integrated into existing advanced driver-assisted solutions. BrightWay Vision has already sold hundreds of its systems to customers including Daimler AG and Continental AG, and has signed a contract with a Chinese firm to supply 10,000 units in 2019.
CustomersPartners
An eye for the next Mobileye
The article discusses the investment strategies of major automobile importers in Israel, who have a reputation for possessing a golden touch. It highlights the success of investments in companies like Mobileye and explores the potential of other start-ups and technology companies in the automotive industry. The article specifically mentions BrightWay Vision, a hazard-avoidance system for drivers, and its potential in the market. Lubinski is mentioned as one of the investors in BrightWay Vision. The article also mentions Argus Cyber Security and its focus on providing solutions for cyber threats in networked cars. The investment amount for Argus is not disclosed. The article concludes by mentioning George Horesh and his successful investments in Inchcape and Advanced Vision Technology.
Partners
Elbit Systems unit Brightway Vision fights road accidents
Brightway Vision Ltd., a company that has adapted night vision technology developed by Elbit Systems, is seeking to raise $10 million. The company aims to create an inexpensive system called BrightEye to improve vision while driving at night and prevent road accidents. Brightway estimates the cost of its products at $2,200-7,200. The company is in talks to sell its products to General Motors, Volvo, Renault SA, Nissan Motor Company, Mercedes Benz, and Peugeot-Citroen SA. Elbit Systems owns 78% of Brightway, while the Manor family owns 10% and Brightways founders and employees own 12%.
InvestmentPartners
