The $25m round, which featured Koito Manufacturing, will help Elbit Systems spinoff BrightWay Vision to commercialise its driverless car sensor technology.
Israel-based autonomous driving software and hardware developer BrightWay Vision has raised $25m in a series B round featuring lighting equipment producer Koito Manufacturing and VC firm Magenta Venture Partners.
The two investors jointly hold approximately 38.5% of the shares in the company, a subsidiary of defence and aerospace technology provider Elbit Systems.
BrightWay is developing software, hardware and sensors that are designed to help autonomous vehicles and advanced driver assistance systems detect objects in harsh weather conditions such as fog,…
