SiLC Receives $25M to Develop Machine Vision for AI

SiLC Technologies Inc. has secured $25 million in funding to expand production to support designs for its Eyeonic vision solutions. The additional funding also supports continued product development, to enable the company to pursue further application deployments in mobility, robotics, smart cameras, security, and other markets.

The funding comes on the heels of SiLC’s introduction of four versions of its frequency-modulated continuous-wave (FMCW) lidar-based Eyeonic Vision System last month. The system uses AI in conjunction with machine vision for vision detection capabilities that span from short distances to over 1 km. In August, SiLC and indie Semiconductor partnered to integrate indie’s Surya system on a chip and SiLC’s Eyeonic Vision Sensor to enable coherent detection-based lidar platforms for next-generation sensing applications, including driver assistance, autonomous mobility, robotics, and industrial automation.

The funding takes SiLC’s raised total to $56 million, from both its seed and series A rounds. New investors in the round included Hokuyo Automatic, Hankook & Co., and ROHM Semiconductor. Existing investors include Epson, Sony, and Dell Technologies Capital.