Linse Capital and Oppenheimer Invested $63M in Valens
6 November, 2018
The latest funding will speed up development of Valens' automotive portfolio of HDBaseT chipset for Autonomous Vehicles
In-car communication get extra fuel with the $63 million investment of Linse Capital and Oppenheimer Asset Management in Valens, the developer of HDBaseT high speed communication technology for the audiovisual and automotive markets. The company is looking to accelerate the development of its portfolio for the autonomous vehicles and address the ongoing requirements of its automotive partners.
Valens’ HDBaseT Automotive chipsets enable the transmission of high-throughput, time-sensitive applications over an HDBaseT Automotive link, revolutionizing in-vehicle connectivity. The Valens Automotive chipsets bring the convergence of audio & video, Ethernet, USB, controls and power over a single unshielded twisted pair cable. In June 2017 it announced the VA6000 HDBaseT Automotive integrated circuit. The VA6000 enables symmetric tunneling of multimedia content, with a speed of up to 6Gbps over a single unshielded twisted pair (UTP) cable for up to 15 meters.
Since its latest funding in 2017, Valens, with strategic partnerships with leading OEMs and tier-1s, has identified significant opportunities in the autonomous sector. By raising additional capital, the company will be ramping up its activities in the sector, addressing in-vehicle high-performance computing, smart architectures and PCIe transmission, to realize the vision of the autonomous car.
“The autonomous and connected vehicles that automakers are designing today depend on advanced chipsets to enable high-speed data transmission, said Dror Jerushalmi, CEO and Co-Founder of Valens. “Our technology is leading the pack, optimizing in-vehicle connectivity to handle increased bandwidth with less complexity.” According to Michael Linse, Managing Director at Linse Capital, “Valens’ technology is ahead of its time and will revolutionize how car manufacturers design and deliver the autonomous and connected car of the future.”.”
“Oppenheimer recognizes that the rapid technological evolution happening in the automotive industry requires high-speed connectivity. Investing in Valens allows Oppenheimer’s clients to participate in that evolution,” said Robin Graham, Head of Technology Investment Banking at Oppenheimer. “We believe Valens’ technology will enable the automotive industry to meet the increasingly stringent design requirements of advanced connectivity and autonomous driving.”
HDBaseT Automotive chip technology enables unparalleled in-vehicle connectivity, converging audio & video, Ethernet, USB, controls, PCIe, and power over a single cable. This patented technology is used by the world’s largest audio/video component manufacturers and is promoted by the HDBaseT Alliance. Since its founding in 2010 by LG Electronics, Samsung Electronics, Sony Pictures Entertainment, and Valens, the Alliance has brought together the leading names in the consumer electronics, professional AV, industrial and automotive sectors, and it counts today with more than 200 members and thousands of products.