Valens Raises $60M to boost in-Vehicle networking

6 April, 2017

Valens is the developer of HDBaseT and co-founder of the HDBaseT Alliance. Delphi, Samsung Catalyst Fund, Goldman Sachs and MediaTek joined the investment round

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Targeting the next generation of connected and highly digitized car, the developer of HDBaseT and co-founder of the HDBaseT Alliance, Valens from Hod Hasharon, Israel, announced it has secured an additional $60 million in capital. The round was led by Israel Growth Partners (IGP), and includes Delphi, Samsung Catalyst Fund, Goldman Sachs and MediaTek as new investors, in addition to Valens’ existing investors.

HDBaseT Automotive is a new networkink solution dedicated to the Automotive. It enables up to 6Gbs tunneling of audio, video, data, USB and more, with native networking capabilities over a single unshielded twisted-pair (UTP) cable for up to 15m (50ft), targeting the existing 100BASE-T1 comparable channel utilized today in the automotive sector. Beside high-bandwidth and a highly robust and EMC-resistant, this solution reduce the amount of copper cables in modern cars, and save up to 150 kg of the cables total weight.

Car app based on HDBaseT Automotive

“Valens is deeply committed to the automotive market, which represents a major growth area for the company,” said Dror Jerushalmi, Valens’ co-founder and CEO. “This financing round strengthens the ecosystem we are building to do so. Delphi, Samsung Electronics, who recently completed the acquisition of HARMAN International Industries and MediaTek, are leading players in the sector and value the potential of our solution for the advancement of the connected car,”

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 (ADAS) needs. Recently HDBaseT Automotive was selected by Daimler as the technology of choice to guarantee high performance of advanced infotainment and telematics systems.

As part of this investment round, Moshe Lichtman, co-founder and General Partner of IGP will join Valens’ Board of Directors. We believe the Valens technology will be an important enabler in the era of connected and autonomous cars,” said Moshe Lichtman. Established in 2006, Valens HDBaseT Automotive enables up to 6Gbs tunneling of audio, video, data, USB and more, with native networking capabilities over a single unshielded twisted-pair (UTP) cable for up to 15m (50ft), targeting the existing 100BASE-T1 comparable channel utilized today in the automotive sector.

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