Valens Appointed Dean Martin to Lead the Automotive Business Unit

2 August, 2026

Martin has held senior commercial roles at Harman Automotive, Red Bend and Agilent. Sales in the Automotive Business Unit declined in 2025 due to price erosion and lower unit sales to Mercedes-Benz

The provider of high-performance connectivity chipsets, Valens Semiconductor, announced the appointment of Dean Martin as SVP, Head of the Automotive Business Unit, effective September 1, 2026. Dean will succeed Adar Segal, who is stepping down from the role. Dean joins at a time of growing automotive momentum and will help drive commercialization and customer expansion.

“Dean is a veteran in the Automotive industry with a track record of turning innovative technologies into significant commercial successes,” said Yoram Salinger, Chief Executive Officer of Valens Semiconductor. “He has extensive experience in securing major design wins with leading global automakers and building the customer relationships needed to support long-term growth. I’m confident that he is the right person to execute on our existing design wins and further promote Valens chipsets across the global automotive market.”

Martin is a senior global sales leader with more than 25 years of experience scaling technology companies. He has held senior commercial roles at Harman Automotive, Red Bend Software, Agilent Technologies and Hewlett-Packard. He has secured breakthrough awards with global OEMs and built long-standing relationships with leading customers and partners across the industry.

Automotive is a major market for Valens

Based in Hod-hasharon, Israel, Valens provides high-performance connectivity chipsets for audio-video installations, videoconferencing and automotive. Its technology forms the basis for HDBaseT and MIPI A-PHY standards. 2025 revenues reached $70.6 million, compares to full year revenues of $57.9 million in 2024. Valens expect full year 2026 revenues of $75-$77 million, an increase of approximately 8% (midpoint) compared to the annual revenue of 2025. The company is listed on the NYSE with a market capitalization of $170 million.

Automotive revenues in 2025 accounted for 26.9% (equivalent to $19.0 million), compared to 37.3% in 2024. The decrease was due to gradual price erosion and a reduction in the number of units sold to Mercedes Benz. During Q1 2026, Automotive revenues accounted for approximately 35% of total revenues at $5.9 million, compared to $5.1 million in Q1 2025.

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Posted in tags: Valens