Ride Vision Secures Seed Funding To Bring The World’s First Collision Aversion Technology To Any Motorcycle With Standard Hardware & Cameras
NEW YORK & TEL AVIV, Israel–(BUSINESS WIRE)–June 14, 2018–
Israeli startup Ride Vision as we speak launched the world’s first Collision Aversion Technology giving any motorbike 360º Predictive Vision. Backing for this know-how bringing unprecedented safety and management for motorbike riders was led by YL Ventures with seed $2.5M funding.
Demand for automobile security has at all times been a prime precedence within the automotive business, lately intensified with the proliferation of ADAS (Advanced Driver Assistance Systems) and applied sciences developed to forestall collisions. With the rise of autonomous autos, ADAS methods have gotten a core characteristic in fashionable autos. Ironically the upper danger two-wheel market has been neglected regardless of the February 2018 NHTSA (National Highway Traffic Safety Administration) report that motorcyclist fatalities occurred practically 28 occasions extra incessantly than passenger automotive occupant fatalities in visitors crashes. EU statistics present comparable information.
Ride Vision has overcome the technological, price and measurement limitations stopping ADAS life-saving options for bikes till now. Ride Vision’s CAT™ – Collision Aversion Technology is a fusion of a neural community primarily based deep studying platform and laptop imaginative and prescient that permits an correct, reasonably priced, life-saving answer for any motorbike, with out the necessity for complicated or costly cameras. CAT™ sensors detect threats past the rider’s sight, predict danger and spotlight the related menace for the rider, all in 100s milliseconds – one-tenth of a second. This life-saving know-how for the brand new and skilled rider supplies nearly immediate 360º collision safety with out distracting the rider’s focus.
“While ADAS accident prevention applied sciences have grow to be normal in vehicles, there may be nice potential to unravel this drawback for the underserved motorbike market that accounts for 17% of all driver and passenger visitors fatalities,” mentioned Yoav Leitersdorf, managing accomplice at YL Ventures, who led the Ride Vision funding spherical. “Uri and Lior are a very strong team and avid riders themselves, uniquely poised to serve this great market challenge with cutting-edge computer vision and deep learning.”
According to 2018 Statista figures, 132.four million motorbike items will be offered worldwide in 2018, and a Fact.MR 2017 analysis report exhibits that the worldwide motorbike market will attain $150 billion in 2022. NHTSA reported 5,286 deadly motorbike crashes in 2016 within the U.S. alone, a 5.1% improve from 2015.
“Motorbike riders are typically coordinated, alert and very much in tune with the road. We have a special relationship with the road, but unfortunately many factors beyond our control increase risk of collision and the high speed, lightweight, fully exposed nature of the bike makes collisions more dangerous,” defined Uri Lavi, CEO & Co-Founder of Ride Vision. “As riders ourselves, we decided to apply our deep learning and advanced vision technology expertise to overcome the cost and technological challenges required to bring any motorbikes and their riders the ability to see, predict and prevent collisions with technology smart enough to leverage standard hardware and cameras, delivering warning signals within 100 milliseconds, without disturbing the rider’s focus.”
“The company’s vision-based collision avoidance system will enable a whole new era for motorcycles, increasing their safety and providing an improved riding experience. We are thrilled to join their journey to become leader in this first of many highly attractive markets for their groundbreaking Collision Aversion Technology,” Leitersdorf added.
About Ride Vision
Ride Vision was created by technologists by day, bike riders by highway, to provide any motorbike Predictive Vision. Ride Vision’s laptop imaginative and prescient and neural community primarily based CAT™ – Collision Aversion Technology leverages normal and cameras to sense, predict and warn riders of threats on the highway. Ride Vision will be integrated into any new or traded motorbikes of any value vary.
About YL Ventures
YL Ventures funds & helps sensible Israeli tech entrepreneurs from seed to steer. Based in Silicon Valley and Tel Aviv, YL Ventures manages $135 million throughout three funds centered on seed-stage, deep-technology B2B corporations within the fields of cybersecurity, enterprise software program and automotive applied sciences. YL Ventures accelerates the evolution of portfolio corporations through strategic recommendation and US-based operational execution.
Editors’ Note: Additional paintings is on the market upon request.