# Cipia Vision

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cipia-vision

- Industry: Software
- Headquarters: Herzliya, Israel
- Website: www.eyesight-tech.com
- Total disclosed funding: $4.2M
- Latest round: Series B (Nov 22, 2011)
- Investors on record: 2

## About

Cipia Vision Ltd. is an innovative company specializing in computer vision and AI-based solutions, primarily focusing on advanced facial recognition and eye-tracking technologies for various industries, including automotive and smart devices.Founded in 2006 and headquartered in Herzliya, Israel, Cipia Vision Ltd. develops technologies aimed at enhancing user interaction through visual data analysis. The company was established by Itay Katz and has engaged in multiple funding rounds, with the most recent PIPE round raising USD 9.00 mn on November 23, 2021, through Cartridge Holdings Ltd. The company has completed a total of 6 deals to date and has raised a total of USD 9.00 mn.Cipia Vision Ltd. offers advanced computer vision and AI solutions, focusing on facial recognition and eye-tracking technology. Their products enhance user interactions across platforms, primarily in automotive and smart device sectors, addressing use cases such as driver monitoring, security authentication, and user experience enhancement. Their diverse client base includes automotive manufacturers, smart device developers, and security firms across North America, Europe, and Asia, reinforcing their commitment to delivering innovative technology solutions.In 2021, Cipia Vision Ltd. reported a revenue of USD 4.78 mn, with an EBITDA of USD -9.12 mn. The company operates a B2B revenue model, engaging in long-term contracts with clients for customized solutions, ensuring a steady revenue stream through service agreements and licensing deals.Cipia Vision Ltd. plans to leverage the recent funding raised in their November 2021 IPO, amounting to USD 22 mn, to expand its Edge Computer Vision and AI capabilities. The company is focused on developing upcoming products that enhance their current offerings and exploring new markets for expansion, although specific regions targeted for growth have not been disclosed.

## Funding rounds

- Series B, Nov 22, 2011, $4.2M — Mitsui Global Investment, CEVA, Inc.

## Investors

- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series B
- CEVA, Inc. — Series B