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Cipia Announces IPO on Tel Aviv Stock Exchange

Cipia 宣布将于特拉维夫证券交易所首次公开发行

November 26, 2021

 

 

Cipia, CPIA, an AI computer vision in-cabin automotive solutions provider, announced on 23rd November that it has raised $22 million as part of the company’s initial public offering (IPO). Cipia will trade on the Tel Aviv Stock Exchange (TASE) under the symbol CPIA. 

车载人工智能计算机视觉解决方案供应商Cipia,特拉维夫证券交易所股票代码CPIA,11月23日宣布作为其首次公开发行的一部分,公司目前已筹集2200万美元。Cipia将在特拉维夫证券交易所(简称TASE)开放交易,股票代码为CPIA。

The driver monitoring (DMS) industry is defined by strong legislation in Europe which mandates the necessity of DMS solutions in all new vehicles in the coming years. The European New Car Assessment Program (Euro NCAP), an organization at the forefront of safety standards, added a driver monitoring system to its requirements as part of the vehicle safety rating for future vehicles, with the most comprehensive requirements coming into effect in 2025. Following Euro NCAP’s lead, the European Parliament passed legislation that mandates the gradual integration of DMS software for new vehicle registration from 2024 until 2026.

除了定义驾驶员DMS行业,欧洲法律还规定未来几年所有新车都必须搭载驾驶员监控系统。作为安全标准领域的前沿组织,欧盟新车安全评鉴协会(Euro NCAP)已将驾驶员监控系统纳入更为全面完善的汽车安全等级标准中,该标准将于2025年开始生效。在欧盟新车安全评鉴协会的倡导下,欧盟通过一项立法,要求从2024年到2026年逐步整合用于新车登记的DMS软件。

Designed for integration in new vehicles, the company’s flagship product, Driver Sense, is a driver monitoring system that utilizes AI and computer vision algorithms to monitor important visual cues of the driver in real-time for signs of driver drowsiness, distraction, and other dangerous actions (such as holding a cellphone while driving). Once detected, the DMS enables life-saving alerts and actions.

Cipia旗舰DMS产品Driver Sense专为新车集成设计,利用人工智能和计算机视觉算法实时监控驾驶员重要视觉线索,防范疲劳驾驶、注意力不集中及其他危险驾驶迹象(如驾驶时手持手机),一经监测系统便会启用安全警报及相应措施。

Cipia holds over 70 patents in computer vision AI. The company's H1 2021 revenue totaled $2.6 million, representing a threefold jump over the same period last year. With the advent of DMS regulations around the globe, requests for solutions to meet the requirements are growing at an accelerated pace and the integration of DMS technology is becoming a necessity.

拥有70多项计算机视觉人工智能专利,Cipia 2021年上半年总收入为260万美元,较去年同期增长三倍。随着全球范围内DMS法规相继出台,全球对符合要求的解决方案的需求正呈倍速增长,DMS技术集成已成为大势所趋。

Cipia partnered with Mobileye to integrate the Driver Sense software on Mobileye’s chip. The company estimates that the integrated ADAS and Driver Sense DMS solution provides the market with a more cost-effective offering compared with alternatives in the market, and can assist the company in reaching substantial market share.

Cipia携手MobileEye将驾驶员感知软件集成到MobileEye芯片上。据Cipia估计,与市场上同类解决方案相比,其集成ADAS和Driver Sense驾驶员监控系统的解决方案更具成本效益,或有助于提高公司市场份额。

Cipia also offers Cipia-FS10, a video telematics and driver monitoring device for fleets. Cipia-FS10 provides real-time life-saving alerts to the driver, as well as tailored alerts and insights to fleet management. The solution enables the fleet to be managed more intelligently and efficiently. Cipia-FS10 was launched at the beginning of 2021 and is now being integrated by customers globally.

Cipia还为车队提供远程视频信息处理及驾驶员监控产品Cipia-FS10,该产品为驾驶员提供实时安全警报,并为车队管理提供定制化警报和分析,使车队管理更为智能高效。Cipia-FS10于2021年初推出,目前正在被来自全球各地的客户集成应用。

 

 

“The success of the IPO will significantly strengthen our business and competitive status, enabling Cipia to scale up and meet the growing demand for in-cabin sensing solutions,” said David Tolub, CEO of Cipia. “The funding will also enable us to examine strategic acquisitions and promote further collaborations. I would like to thank the company's employees, its customers and, of course, the investors who have joined us in this latest chapter of our journey as well as those who have been with us throughout. I am confident that Cipia has the range of solutions and the technological advantages to maintain a leading position in the global in-cabin sensing market, and we are committed to continuing to grow the company and bring value to investors."

Cipia首席执行官David Tolub表示:“此次IPO的成功将极大促进我们的业务发展,提高竞争地位,并帮助Cipia扩大企业规模,满足日益增长的车载感知解决方案需求。同时,这也将有助于我们审查战略性收购成果,并促进进一步合作。十分感谢公司的员工、客户,当然还有无论是新加入还是一直陪伴着我们的投资者们。我相信凭借着系列解决方案和技术优势,Cipia能继续保持全球车载感知市场中的领先地位,我们也将继续致力于公司发展,为投资者们带来更多价值。”

"Cipia’s technology for in-cabin monitoring is one of the most advanced in the world,” said Professor Eli Talmor, Chairman of the Board at Cipia. “The solution not only meets existing regulatory needs, but is also a cornerstone for passenger experiences and monetization of cabin information, for future autonomous vehicles and mobility services."

Cipia董事会主席Eli Talmor教授表示:“搭载世界最为先进的车载监控技术,Cipia解决方案不仅能满足现有的监管需求,同时对于未来自动驾驶车辆及移动服务而言,这还是乘客体验和车内信息货币化的基石。”

 

About Cipia

Cipia is a leading provider of intelligent sensing solutions that use edge-based computer vision and AI for safer and better mobility experiences. The company focuses on the automotive in-cabin environment, offering Driver Sense - driver monitoring system, Cabin Sense - occupancy monitoring systems and Cipia-FS10 - a driver monitoring and video telematics device for fleets. Over a decade of research and development stands behind the company's proprietary market-leading computer vision technology. Cipia is constantly pushing the boundaries of what intelligent sensing solutions can see and accomplish, for better and safer mobility.

Cipia 简介

Cipia是一家领先的智能感知解决方案企业。Cipia使用尖端的计算机视觉和人工智能科技带来更安全优质的驾驶体验。公司专注于车内环境,提供DriverSense驾驶员监控系统,CabinSense车内空间监测系统,以及Cipia-FS10车队驾驶员监控和远程视频信息处理设备。经过十多年的研发,Cipia拥有领先的专利计算机视觉技术。Cipia正在不断突破智能感知解决方案的边界,以实现更优质和更安全的驾驶体验。

 

 This article is provided by Cipia. If you are interested in talking to Cipia or join IsCham as a member, please contact: info@ischam.org.