Newsight Imaging

Growth-negative

Vision Sensing Acquisition has announced the termination of its merger agreement with Newsight Imaging, an Israeli company that develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis. The decision was mutual and was based on challenging global economic conditions. The $380 million deal was announced in August 2022. The SPAC in October won shareholder approval for a deadline extension that would have given the parties until May 3, 2024 to complete the deal.

growth-negative

Newsight Imaging, an Israeli company, has cancelled its planned SPAC deal due to the outbreak of war. The company had planned to merge with Vision Sensing and go public on NASDAQ. However, the war caused investors to hesitate, leading to the cancellation of the deal. The company had planned to raise around $144 million from the deal, with a company valuation of around $225 million. Now, the company is looking for alternative options, including raising funds from strategic investors and making strategic deals.

growth-positive

Newsight Imaging Ltd., a semiconductor company, is planning a business combination with special purpose acquisition company Vision Sensing Acquisition Corp. The merger is expected to be completed soon. Newsight Imaging develops sensor chips for 3D lidar and spectral chips. The companys solutions are used in various applications such as autonomous driving, robotics, augmented reality, virtual reality, and facial recognition. The company recently launched its eTOF™ LiDAR, based on the NSI1000 sensor, and its spectral chip backed by AI technology for pathogen detection and water quality monitoring. The merger transaction is expected to close in the second quarter of 2023.

growth-positive

Newsight Imaging has announced the launch of its new MT LiDAR 3.1 reference design, which is based on the NSI9000 image sensor. The design enables full 3D mapping with high accuracy and supports rapid development of solutions for robotics and industrial automation. The company will showcase the design at the Hannover Messe conference. Newsight Imaging has also entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition Corp.

growth-positive

Israeli semiconductor company Newsight Imaging has announced a merger agreement with SPAC Vision Sensing Acquisition Corps. The merger values Newsight Imaging at $215 million, with an enterprise value of $380 million. The merged company is expected to receive gross proceeds of up to $143.7 million. Newsight Imaging will trade on Nasdaq under the NSIM ticker. The company develops CMOS image sensor chips for 3D machine vision and spectral analysis, specifically for lidar laser sensors for autonomous cars. Newsight has also developed sensors for water quality and toxic substance identification. The merger is expected to be completed in the final quarter of 2022.

growth-positive

Newsight Imaging has joined NVIDIA Inception, a program for startups revolutionizing industries with technology advancements. This membership will allow Newsight to expand its approach to the automotive depth-vision ecosystem and support customers in building products based on its sensors and the NVIDIA AI platform. The collaboration with NVIDIA will provide Newsight with additional resources to scale faster and advance its sensors and solutions for 3D machine vision and spectral analysis.

growth-positive

Newsight Imaging and LIPS have signed a Memorandum of Understanding (MoU) to develop eTOF-based 3D vision systems for Industry 4.0 use-cases and AIoT. The collaboration aims to integrate Newsights depth sensors into LIPS 3D camera and system solutions, providing intelligent cross-industry and multi-purpose 3D vision solutions. The global AIoT market is expected to reach $78.3 billion by 2026. The partnership is expected to contribute to the growth of Newsight Imaging.

growth-positive

Newsight Imaging has announced the upcoming release of the NSI9000 one-chip CMOS image sensor solution for depth imaging. The new chip offers unique features and capabilities at a competitive price, targeting growth markets such as LiDAR systems, automotive ADAS, Metaverse AR/VR, Industry 4.0, and smart city/IOT. The sensor is a result of collaborative innovation with partners such as Fraunhofer and Tower-Jazz. It incorporates Newsights patented enhanced Time-Of-Flight (eTOF) technology and event aware unique circuit. The chip design is low-power and easy to integrate. Newsight will be offering a complete demo system using its eTOF Lidar reference design starting August 2022.

growth-positive

Newsight Imaging, in collaboration with ZKW Group, has completed the technological feasibility stage of developing smart car lighting that uses Newsights image sensor. The companies plan to release new car headlights that provide adaptive lighting based on road conditions, without blinding other drivers. The technology eliminates the need for a dedicated camera in the car, making it easier to install in vehicles. ZKW Group, a major automotive lighting solutions provider, plans to mass-produce the headlights. The solution has been tested on an Audi A1 and is expected to enter mass production soon.

growth-positive

Israeli company Newsight has signed a deal with aviation security company ICTS Europe to pilot its SpectraLIT gargle test for COVID-19 in European airports. The self-service test eliminates the need for swabbing and lab processing, with passengers simply gargling with a special mouthwash and spitting into a tube. The test is already being piloted in 12 hospitals internationally. If the pilot programs prove effective, ICTS Europe plans to roll out the SpectraLIT test internationally. Newsight predicts that its test will become the standard solution for air travel and expects millions of tests to be used in the coming months. The test has shown around 95% accuracy in trials on 400 people at Sheba Medical Center.

growth-positive

Israeli scientists are testing a new ultra-fast gargle-and-spit test for coronavirus that is proving 95% accurate. The test, developed by Sheba Medical Center and Newsight imaging company, uses a USB-powered machine called SpectraLIT to analyze mouthwash samples. The developers aim to replace PCR testing, which is less accurate and time-consuming. The test is currently being trialed on 400 patients at Sheba Medical Center, and if successful, it is expected to be available internationally by the end of the year. The technology has the potential for mass screening, including at airports and nursing homes. The system is rapid, cheap, and reliable, and could help solve the shortage of PCR test kits. Patents have been filed for the technology, and mass production of the machines and test materials can begin soon.

growth-positive

Newsight Imaging, an Israeli start-up, is piloting a coronavirus-testing technology at Sheba Medical Center. The technology can detect viruses in a fluid sample in less than a second. The device, about the size of a computer mouse, uses a portable and cost-effective spectral device to identify and classify evidence of a virus in the body. Sheba doctors are already working with the company, and initial feasibility studies have been successful. Newsight plans to establish a joint incubator company with Sheba and pursue approval from the US FDA. The company has already sold a license to develop virus- and bacteria-detection devices based on its technology to an AI company in Hong Kong.

growth-positive

Newsight Imaging, an Israeli CMOS chip maker, has completed a $7m series A round of financing. The investment will help the company expand its sales and marketing efforts, accelerate product development, and broaden its offerings in 3D machine vision and spectral analysis. Infinity Capital led the investment round, with participation from Dr George So of AIinnoBio HK, who also licensed Newsights technology. Newsights CMOS sensors have been used in pilot projects with Mekorot and an Israeli medical center for spectral analysis and virus detection. The company plans to offer a development kit for spectral analysis device makers. Newsight Imagings CEO, Eli Assoolin, stated that the company plans to continue fundraising in the future.

growth-positive

Mekorot Israel National Water Company has partnered with Newsight Imaging to develop advanced water monitoring systems in Israel. The partnership aims to create a system using a camera chip that functions as a precise and inexpensive spectrometer to analyze water quality. The collaboration will improve water monitoring and increase efficiency in Israels advanced water sector. Newsight Imaging, a Gartner Cool Vendor, will integrate its technology with water meters, desalination plants, and industrial plants for monitoring purposes. The system will be able to transmit results to the cloud and issue alerts.

Growth-Positive

Israeli startup Newsight Imaging Ltd. has won second place at the 2018 Optics Valley of China International Innovation and Entrepreneurship Competition, receiving a cash prize of 500,000 Chinese yuan (approximately $72,500). The company, founded in 2016, develops chips containing 3D imaging sensors for robotics, drones, and the automotive industry. It was among 200 Israel-based companies to apply to the competition, with three making it to the final round.

growth-positive

Newsight Imaging, an Israeli startup, has introduced the NSI3000EVBX, a full reference design kit for advanced 3D depth imaging. The kit is designed for use with Newsight Imaging’s NSI3XXX line sensor family, which supports its patented eTOF™ technology. The eTOF™ technology delivers accurate, long distance and high frame-rate acquisition of depth points, making it well-suited to low power consumption devices, such as mobile devices. The depth sensing consumer market is expected to reach $6B in 2022, driven by Mobile phone applications.

N/A

The article discusses the growing applications of 3D vision or depth sensing technology in various industries. It highlights the different competing technologies in the market and their strengths and weaknesses. The article mentions the use of 3D vision in robotics, pick-and-place tasks, assembly and inspection, and moving shelves in warehouses. It also discusses the impact of falling prices and improved performance on the adoption of 3D imaging. The article mentions companies such as pmdtechnologies, Newsight Imaging, ifm efector, and Mantis Vision that are involved in developing 3D vision solutions. The article emphasizes the importance of a complete solution that goes beyond imaging alone and the challenges of integrating 3D sensing technology with other sensors and artificial intelligence. The date of the event described in the article is not mentioned.

growth-positive

ZKW Group announced the winners of its startup program Drive Light & Sight. Newsight Imaging, Photonic Vision, and Brighter AI emerged as the top three startups and will enter into a Partnership Program with ZKW. The program aims to accelerate the development of innovative solutions for future mobility concepts. ZKW invited eight startups to its premises in Austria, where they developed new use cases for their technologies. The three winners were awarded a spot in ZKWs Partnership Program and a total of €30,000 prize money. The startups presented solutions to ZKWs expert jury and will now work together with ZKW to implement new solutions and technologies for the lighting system in the age of autonomous driving.

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Tower Semiconductor and Newsight Imaging have announced the production of Newsights advanced CMOS image sensor (CIS) chips and camera modules, customized for the LiDAR and machine vision markets. The CIS chips are used in ADAS and autonomous vehicles, as well as in drones and robotics. Newsights innovative image sensor chips offer cost effectiveness, low power consumption, high performance, and analog and digital integration. The NSI3000 sensor family is currently in mass production, while the NSI5000 is in development. The NSI5000 is an integrated LiDAR solution for long-range applications and includes a top DSP controller for complex calculations. Tower Semiconductors advanced pixel technology is customized for Newsights CMOS image sensor chips. The partnership allows Newsight to address the opportunities in the automotive market and other industries. The article was published on May 9, 2018.

growth-positive

Newsight Imaging has announced a partnership with LeiShen Intelligent to jointly deliver V-LiDAR, a 3D pulse-based LiDAR designed for automotive applications used in ADAS systems and in autonomous vehicles. The V-LiDAR is the result of collaboration between LeiShen, Newsight, and Tier-1 and Automotive OEMs. It is solid-state, high resolution, and meets the automotive industrys requirements. The partnership will create a strong brand positioning in the automotive market and offer a competitive low cost for high volume orders.

growth-positive

Israel-based Newsight Imaging is partnering with China-based LeiShen Intelligent to deliver V-LiDAR, a solid-state 3D pulsed-based LiDAR for automotive applications. The V-LiDAR will be based on LeiShens advanced 3D LiDAR and Newsights NSI5000 CMOS image sensor using Newsights eTOF technology. The partnership aims to provide a high-resolution, low-cost LiDAR solution for the automotive industry. The companies have established a collaboration program for first adopters and will offer extensive R&D support for system design.

growth-positive

Newsight is a company that develops advanced CMOS image sensor chips for laser LiDAR devices. They provide cost-effective and customizable solutions for high volume markets, with applications in autonomous vehicles, medical devices, and more. The company has received investment from Dr. Li Likai and has secured grants and patents for their technology. They are focused on providing high sensitivity and dynamic range in LiDAR for automotive and ADAS systems, as well as effective spectral analysis for medical and food industry applications. Newsights goal is to enhance their customers ability to develop innovative products and they operate based on the principles of the Lean Startup theory.

growth-positive

Newsight Imaging is a semiconductor company that develops CMOS imaging sensors for the machine vision and spectral analysis markets. They are focused on developing a camera on a chip for markets that require machine vision and spectral analysis. Their approach is different because they are targeting high volume laser LIDAR sensors and portable devices for spectral analysis, which are currently expensive and complex. They have identified applications in the food industry and medical field where their technology can be used to identify food contamination and check embryos in the womb. Newsight Imaging has already received seed investment from China and is now seeking a larger funding round of $5-$8 million. They are looking for investors who can provide additional value and help them connect with potential customers and open new markets.