Israeli-based LiDAR developer Innoviz Technologies announced in early September that it has raised $65 million in Series B funding as its groundbreaking LiDAR solution moves into mass production. Strategic partners and global experts in automated driving solutions Delphi Automotive PLC and Magna International participated in the round, along with additional new investors including 360 Capital Partners, Glory Ventures, Naver and others. All Series A investors, including Zohar Zisapel, Vertex Venture Capital, Magma Venture Partners, Amiti Ventures and Delek Motors, participated in this round. A second closing of this round is expected to be announced soon, introducing additional strategic partners.

In the ever-growing LED market, automotive LEDs are witnessing a rapid development. This is driven by various regulations enforced by governments around the world for fuel-efficient gasoline vehicles. In addition, manufacturers of hybrid vehicles and electric vehicles have increasingly embraced new technologies. Also, with substantial development in automotive electronics, many LED manufacturers are now trying to gain their positions in this market.

Faced with ever-growing competitions, global LED manufacturers looking for growth opportunities have turned their focus to niche markets. Automotive LEDs, for instance, are one of the few sizable application markets that are developing rapidly, while prices of related products have remained relatively stable. EVERLIGHT Electronics Co., Ltd., a leading player in the global LED and optoelectronics industry, has also put a special focus to this segment in recent years.

EVERLIGHT Electronics Co., Ltd., a leading player in the global LED and optoelectronics industry committed to R&D of automotive LED products, is going to showcase its newest products for automotive interior & exterior at TAIPEI AMPA 2017; and its high-tech ADB matrix intelligent headlights and ADAS application products therein are the most outstanding products; moreover, the ADB matrix intelligent LED headlight is awarded the "Innovation Awards" at the TAIPEI AMPA 2017. We sincerely welcome your visit to EVERLIGHT booth for product presentation and communication (J1212).

Aware of that the automotive industry has been heeding self-driving technology and the concept of new energy vehicles, LEDinside would like to look into the automotive optical solutions and sensor applications with the introduction of LED technology, including automotive LED lighting, optical components, and optical measuring techniques that support ADAS (Advanced Driver Assistance Systems).