Israel’s Oryx Vision, which is developing object sensors for self-driving cars, said on Tuesday it raised $50 million in a second funding round led by Third Point Ventures and Walden Riverwood Ventures (WRV).
The company has raised $67 million in two funding founds in the past 15 months.
Oryx will use the new funds to accelerate its development activities and to intensify commercial engagements with car OEMs, tier-1 suppliers, and technology players.
It expects to ship units for car-mounted testing in the second half of 2018.
Oryx is developing light sensing technology for autonomous vehicles to identify debris and other objects on the road using silicon-made microscopic antennas to detect light wave frequencies.