Startup AIRY3D raises $10 million to bring 3D sensor technology to smartphones in 2019
3D computer vision startup AIRY3D has raised $10 million in an oversubscribed Series A funding round led by Intel Capital, to support its progress towards licensing the company’s DepthIQ 3D sensor platform to top-tier mobile OEMs in 2019.
All Seed round investors, including CRCM Ventures, Nautilus Venture Partners, R7 Partners, Robert Bosch Venture Capital, and WI Harper Group participated, along with several angel investors affiliated with TandemLaunch, the incubator that AIRY3D was spun out of, according to the announcement.
DepthIQ is simple, drop-in solution, the company says, and in addition to mobile devices it can be integrated with devices for the automotive, AR/VR, drone, robotics, and smart home markets. Intel Capital Vice President and Group Managing Director Dave Flanagan said the technology’s simplicity and cost-efficiency helps to position it for many target markets.
“AIRY3D’s DepthIQ platform is a cost-effective technology that can accelerate the adoption of several new applications such as facial, gesture and object recognition, portrait modes, professional ‘Bokeh’ effects, and image segmentation in mobile markets and beyond,” said Dr. Ingo Ramesohl, Managing Director at Robert Bosch Venture Capital GmbH. “We see tremendous opportunities in one of the largest business areas of Bosch – the automotive industry. The adoption of 3D cameras inside the cabin and outside with ADAS can drive significant improvements in safety and facilitate the industry’s shift towards autonomous vehicles.”
“After concluding our Seed round in March 2017, we fabricated DepthIQ 3D sensors on state-of-the-art CMOS wafers in collaboration with a leading sensor OEM. AIRY3D has since demonstrated 3D camera prototypes and numerous use cases. With the support of Intel, Bosch and our other investors, we now are formalizing partnerships with camera sensor OEMs and design-in collaborations with industry leading end customers in our strategic markets,” said Dan Button, CEO of AIRY3D.