Eys3D raises $7M for AI edge sensor technology

Eys3D Microelectronics, a company producing chips and sensors for autonomous operations including security, touchless control, autonomous vehicles, and smart retail, announced that it’s raised $7 million in a series A round led by strategic partners Arm IoT Capital, WI Harper Group, and Marubun Corporation.

The company says that the funding will allow it to grow its product development and research efforts, including into 3D depth-sensing cameras and vision sensor integration solutions that enable new capabilities in object recognition, distance measurement, and more.

The 3D and machine vision market is expected to double in value from $1.35 billion in 2020 to $2.65 billion in 2027, a compound annual growth rate of 10.2%. That’s attributable to the pandemic, which has accelerated the adoption of automation.