Montreal-based AIRY3D, which has developed a 3D computer vision platform, has raised a $13 million CAD ($10 million USD) Series A.
The funding was led by Intel Capital, with participation from CRCM Ventures, Nautilus Venture Partners, R7 Partners, Robert Bosch Venture Capital, and WI Harper Group. The round also included participation from angel investors affiliated with TandemLaunch.
Founded in 2015, AIRY3D has developed DepthIQ, which converts camera sensors into a 3D sensor to generate both 2D images and 3D depth data. The solution combines optical physics with algorithms to deliver 3D sensing solutions. AIRY3D’s goal is to facilitate faster and smaller 3D solutions that enable human and machine vision applications.
“We now are formalizing partnerships with camera sensor OEMs and design-in collaborations with industry-leading end customers in our strategic markets.”
– Dan Button, CEO of AIRY3D
“After concluding our Seed round in March 2017, we fabricated DepthIQTM 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,” said Dan Button, CEO of AIRY3D. “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.”
AIRY3D plans to use the funding towards the licensing and commercial adoption of its DepthIQ 3D sensor platform in 2019.
“The simplicity and cost-efficiency of AIRY3D’s 3D sensor technology, which does not require multiple components, helps position AIRY3D’s technology as a potential enabler for many target markets,” said Dave Flanagan, vice president and group managing director at Intel Capital.