Valens, the developer of technology for uncompressed HD multimedia content (HDBaseT) for the audiovisual and automotive markets, announces today that Linse Capital, joined by Oppenheimer Asset Management, invested a total amount of $63 million in its latest financing round. The company, founded in 2015, whose chipsets simplify in-vehicle connectivity, converging audio & video, Ethernet, USB, controls, PCIe, and power over a single cable, is looking to expand its portfolio for the autonomous vehicle sector.
“Valens continues to drive the innovation required to enable the future of autonomous vehicles,” said Dror Jerushalmi, CEO and co-founder of Valens. “The autonomous and connected vehicles that automakers are designing today depend on advanced chipsets to enable high-speed data transmission. Our technology is leading the pack, optimizing in-vehicle connectivity to handle increased bandwidth with less complexity.”
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“We are excited to support Valens as they design the most advanced technological solutions for today’s in-vehicle connectivity challenges,” said 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.”