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FIR Company AdaSky Secures $20 Million

FIR Company AdaSky Secures $20 Million
Credit: adasky.com

AdaSky, a far-infrared technology leader for autonomous vehicles, secured $20 million from lead investor Sungwoo Hitech Co., Ltd, a global automotive supplier.

AdaSky’s solution, Viper, is designed as an all-in-one, complete solution for autonomous vehicles, combining FIR camera technology with fusion-ready, deep-learning computer vision algorithms.

Market research group Yole Développement estimates a four-time growth in FIR market units over the past five years, and that automotive is a significant segment of this growth, driven by night vision and redundant safety for autonomous vehicles. The investment is part of a larger round of funding signifying industry endorsement of AdaSky’s technology, and will enable the company to expand globally.