Foresight Autonomous Holdings Ltd. Raises $2.75 Million in Investment for Eye-Net Mobile
Ness Ziona, Israel, March 11, 2025 – Foresight Autonomous Holdings Ltd. (FRSX), a leading innovator in 3D perception systems, announced today that it and its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), have entered into definitive agreements with institutional and private investors for an investment in Eye-Net. The investment is based on an Eye-Net pre-money valuation of $45 million.
Details of the Investment
The gross proceeds of the investment will amount to approximately $2.75 million, before deducting finders’ fees and other estimated offering expenses. The funds will be used to support the continued development and commercialization of Eye-Net’s cellular-based, 3D road-scanning solution for advanced driver assistance systems (ADAS) and autonomous vehicles.
Impact on Foresight and Eye-Net
This investment marks a significant milestone for Foresight and Eye-Net as they continue to develop and commercialize their innovative 3D perception technology. The funds will enable the company to accelerate the development of their product, expand their team, and increase marketing efforts to build brand awareness and attract new customers.
Impact on Consumers
The investment in Eye-Net has the potential to bring advanced driver assistance systems (ADAS) and autonomous vehicles to the mass market more quickly and affordably. Eye-Net’s cellular-based, 3D road-scanning solution can be integrated into existing vehicles, enabling them to detect and respond to obstacles and hazards in real-time. This could lead to a significant reduction in accidents and fatalities on the roads, making travel safer for consumers.
Impact on the Autonomous Vehicle Industry
The investment in Eye-Net is also expected to have a positive impact on the autonomous vehicle industry as a whole. With the increasing demand for safer and more efficient transportation solutions, the market for ADAS and autonomous vehicles is projected to grow significantly in the coming years. Eye-Net’s technology could become a key component in the development of these vehicles, providing a cost-effective and reliable solution for real-time obstacle detection and hazard avoidance.
Conclusion
Foresight Autonomous Holdings Ltd. and Eye-Net Mobile Ltd.’s successful fundraising round is an exciting development for the 3D perception technology industry and the autonomous vehicle market. The investment will enable the companies to accelerate their development efforts and bring their innovative technology to a wider audience, making travel safer and more efficient for consumers. As the demand for advanced driver assistance systems and autonomous vehicles continues to grow, the impact of this investment is likely to be felt far and wide.
- Foresight and Eye-Net raise $2.75 million in investment
- Funds to be used for continued development and commercialization of Eye-Net’s 3D perception technology
- Impact on consumers: Safer and more efficient travel
- Impact on the autonomous vehicle industry: Key component in development of ADAS and autonomous vehicles
