Israeli Car Chip Co. Valens Raises $60M

April 6, 2017 | Israeli semiconductor company Valens has raised $60 million in a financing round led by Israel Growth Partners (IGP), and including Delphi, Samsung Catalyst Fund, Goldman Sachs and MediaTek as new investors, in addition to Valens’ existing investors. Valens introduced its HDBaseT Automotive technology in 2016 to address the challenges of the connected car, including the increasing amount of bandwidth and wiring necessary to cater to infotainment and Advanced Driver Assistance Systems needs. The company was founded in 2006 by CEO Dror Jerushalmi, VP R&D Massad Eyal, CTO Eyran Lida, director of DSP Gaby Gur Cohen, director of software & system architecture Nadav Banet, and director of analog & mixed signal Alon Benzaray.