OpsysTech News
4 articles
growth-positive
LiDAR developer Opsys Tech closes $51.5 million Series C | CTech
Opsys Tech has announced the final closing of its Series C financing round, raising a total of $51.5 million. The funding will support the ramp of commercial automotive production quantities of Opsys Techs LiDAR sensor solutions. Opsys Tech has developed a high-performance solid-state scanning LiDAR sensor with no moving parts. The company has received positive customer feedback and believes it has developed the only LiDAR sensor on the market that can meet all customer requirements for a complete automotive LiDAR solution. Opsys Tech was founded in 2016 and is headquartered in Israel.
InvestmentExpand
growth-positive
Opsys Tech to supply LiDAR sensors to South Korean auto supplier SL Corp.
Opsys Tech has announced a deal to supply LiDAR systems to auto parts supplier SL Corp. The deal is expected to result in significant market share for Opsys Tech in the LiDAR systems market in 2024-2025. Opsys Techs LiDAR technology is recognized as superior and can enhance vehicle safety and enable autonomous driving. The companys LiDAR systems have no moving parts and offer high durability, low production cost, and superior range, resolution, and scanning rate. Opsys Tech plans to open a new office in China and manufacture units in Thailand. They also expect to announce additional supplier agreements to expand their market reach into Europe. SL Corp. is a global supplier to major automakers and will integrate Opsys Techs LiDAR systems into their production vehicles.
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Are we nearing a shakeout in Lidar?
Israeli startup Opsys, which is developing lidar sensors for autonomous vehicles, is poised to become a contender in the lidar sector. Opsys is piggybacking on core technology used by Apple for its iPhones, which has the potential to bring down lidar costs and establish the technology roadmap for future vehicle generations. The companys lidar sensors use VCSEL-based technology, allowing for lower costs and better quality. Opsys is targeting a price of $200 per sensor, significantly lower than competitors. The company has received $9 million in funding from venture capitalists and Hyundai Group, and is already working with an unnamed Asian automaker for Level 2+ and Level 3 ADAS applications. The lidar market is expected to grow significantly, and Opsys aims to address not only the automotive market but also other markets and applications.
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Opsys tech debuts next generation pure solid-state, scanning microflash LiDAR - i-Micronews
The article discusses the semiconductor industry and its ongoing evolution, providing insights into the technologies and strategies of leading semiconductor companies.
