What is Adasky?
Founded in 2015 and headquartered in Yokneam Illit, Israel, ADASKY is at the forefront of developing and manufacturing intelligent autograde LWIR thermal cameras. These cameras are designed for Advanced Driver-Assistance Systems (ADAS), autonomous vehicles (AV), and smart city infrastructure. The company's mission is to enhance mobility safety by leveraging advanced thermal sensing technologies to prevent accidents and save lives. ADASKY's commitment to innovation in thermal imaging positions it as a key player in the automotive safety and intelligent transportation sectors.
How much funding has Adasky raised?
Adasky has raised a total of $65M across 3 funding rounds:
Series A
$20M
Series B
$15M
Other Financing Round
$30M
Series A (2018): $20M with participation from Sungwoo Hitech Co.
Series B (2020): $15M led by Kyocera Corporation and Sungwoo Hitech Co., Ltd.
Other Financing Round (2023): $30M supported by Gentex Corporation
Key Investors in Adasky
Gentex Corporation
Gentex Corporation is a global technology and electronics company known for developing and manufacturing advanced products for the automotive, aerospace, and commercial fire protection industries. The company combines engineering expertise with an entrepreneurial culture that encourages innovation, precision, and continuous technological advancement. Gentex specializes in a diverse range of core competencies, including highly automated electronics manufacturing, CMOS camera development, vacuum coating technologies, and glass fabrication processes. Through its vertically integrated operations, the company is able to maintain strong quality control while delivering customized high-performance solutions to its customers.
Sungwoo Hitech Co., Ltd.
Sungwoo Hitech Co. Ltd, founded in 1977 and headquartered in Busan, South Korea, is a global automotive parts manufacturer. The company specializes in producing car components with operations spanning across Asia, Europe, North America, and Mexico. As a publicly traded company since 2019, Sungwoo Hitech maintains manufacturing facilities and warehouses worldwide to serve its B2B clients in the automotive industry. The company has expanded its international presence with significant operations in Germany, India, and other regions.
Kyocera Corporation
Kyocera Corporation is a Japanese multinational ceramics and electronics manufacturer headquartered in Kyoto, Japan. The company produces industrial components, semiconductor packages, electronic devices, optical components, and equipment. Kyocera is known for its diversified product portfolio and its commitment to technological innovation across various industries.
What's next for Adasky?
With the recent major strategic investment, Adasky is poised to accelerate its product development and market expansion. The substantial enterprise-level funding suggests a focus on scaling operations, enhancing manufacturing capabilities, and potentially forging new partnerships within the automotive and smart city ecosystems. This capital infusion will likely enable Adasky to further solidify its position as a leader in thermal sensing technology, driving the adoption of its solutions for safer autonomous and assisted driving systems.
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