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Robert Bosch Venture Capital invests in TetraVue

Innovative leader in advanced 3D LIDAR technology

  • Robert Bosch Venture Capital co-leads 10 million US dollar Series A funding round
  • Ultra high resolution 3D data and imagery can help automated vehicles with the obstacle identification process

Cyril Vancura >

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Stuttgart, Germany – Robert Bosch Venture Capital, the corporate venture capital company of the Bosch group, has completed an investment in TetraVue. TetraVue is a leader in ultra-high resolution 3D data and imagery, which will help enhance the capabilities of automated vehicles. This investment adds to the growing Robert Bosch Venture Capital portfolio of companies in the field of sensors and software for automated vehicles. “We are excited to have TetraVue as a strategic extension of our portfolio, which also contains companies, such as AIMotive and Chronocam”, says Dr. Ingo Ramesohl, Managing Director at RBVC.

“We are thrilled to have RBVC as a lead investor and partner” says Paul Banks, Founder and President of TetraVue. “Their expertise and knowledge of all the key players across the ecosystem has already benefited Tetravue with customer, supplier and investor access.”

TetraVue’s Disruptive Technology to Enable Bosch Automated Systems

TetraVue’s technology helps to address the challenges associated with automated vehicles encountering unexpected and dangerous obstacles during operation. Bosch is dedicated to enhancing the development of the automated car industry. TetraVue’s technology can support Bosch to continue to be a leader in defining the future of this emerging market segment. “TetraVue appears unparalleled to other existing technologies in the three-dimensional Flash LIDAR space. We see its technology as being key to the enhancement and development of the automated car industry, which will be the future of transportation as we know it.”, says Bosch Ventures Managing Director Luis Llovera.

“Light Slicer” Technology

TetraVue’s core technology differentiation is their patented “light slicer” technology, which uses time and distance measurements in order to find optical intensities using standard CMOS sensors. The company’s innovative approach yields many benefits and USP’s including higher reliability to meet automotive requirements, low latency, and ability to produce ultra-high resolution images for a wider range of distances at a lower cost.

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business. Furthermore, RBVC enables co-innovation between Bosch and startup through the Open Bosch Program.

Additional information is available at www.rbvc.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 420,000 associates worldwide (as of December 31, 2022). According to preliminary figures, the company generated sales of 88.4 billion euros in 2022. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 128 locations across the globe, Bosch employs some 85,000 associates in research and development, of which nearly 44,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.

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