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Ride Vision raises $7M for its AI-based motorcycle safety system

Ride Vision raises $7M for its AI-based motorcycle safety system

Ride Vision, an Israeli startup that’s constructing an AI-driven security system to forestall motorbike collisions, in the present day introduced that it has raised a $7 million Series A spherical led by crowdsourcing platform OurCrowd. YL Ventures, which usually focuses on cybersecurity startups but in addition led the corporate’s $2.5 million seed spherical in 2018, Mobilion VC and motorbike mirror producer Metagal additionally participated on this spherical. The firm has now raised a complete of $10 million.

In addition to this new funding spherical, Ride Vision additionally in the present day introduced a brand new partnership with automotive elements producer Continental .

“As motorbike fanatics, we at Ride Vision are excited on the prospect of our worldwide launch and our partnership with Continental,” Uri Lavi, CEO and Co-Founder of Ride Vision, stated in in the present day’s announcement. “This second is a serious milestone, as we stride towards our dream of empowering bikers to really feel really secure whereas they benefit from the trip.”

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The basic concept right here is fairly simple and comparable with the blind-spot monitoring system in your automotive. Using pc imaginative and prescient, Ride Vision’s system, the Ride Vision 1, analyzes the visitors round a rider in actual time. It gives ahead collision alerts and screens your blind spot, however it could actually additionally let you know while you’re following one other rider or automotive too intently. It also can merely report your trip and, coming quickly, it’ll be capable to make emergency calls in your behalf when issues go awry.

As the corporate argues, the variety of bikes (and different motorized two-wheeled automobiles) has solely elevated in the course of the pandemic, as folks began avoiding public transport and appeared for comparatively reasonably priced options. In Europe, gross sales of two-wheeled automobiles elevated by 30 % in the course of the pandemic.

The {hardware} on the motorbike itself is fairly simple. It contains two wide-angle cameras on the entrance and rear, in addition to alert indicators on the mirrors, in addition to the principle computing unit. Ride Vision has patents on its human-machine warning interface and imaginative and prescient algorithms.

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It’s price noting that there are some blind-spot monitoring options for bikes available on the market already, together with these from Innovv and Senzar. Honda additionally has patents on comparable applied sciences. These don’t present the form of 360-degree view that Ride Vision is aiming for.

Ride Vision says its merchandise will probably be obtainable in Italy, Germany, Austria, Spain, France, Greece, Israel and the UK in early 2021, with the U.S., Brazil, Canada, Australia, Japan, India, China and others following later.

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