Oryx Vision

Company Overview

Snapshot

Founded in May 2009 by David Ben-Bassat and Rani Wellingstein, Oryx Vision had 11–50 employees. The company raised $67 million across 2 funding rounds from 6 investors. In August 2019, Oryx Vision ceased operations.

Business overview

Oryx Vision developed a light detection and ranging (LiDAR) sensor designed to meet the requirements of autonomous vehicles, focusing on high performance, durability, and affordability. The company's core technology was a coherent (FMCW) flash system with no moving parts, utilizing innovative light-sensing antennas. This LiDAR system was noted for its high sensitivity, resistance to interference, and ability to produce both range and velocity data. Oryx Vision operated within the Automotive & Mobility Technologies sector, specifically targeting the autonomous vehicle market.

Strategic signal

In August 2019, Oryx Vision ceased operations, indicating a significant and permanent shift in its business trajectory. This event signals to investors and innovation teams the inherent risks and challenges associated with developing and commercializing advanced LiDAR technology for autonomous vehicles, despite prior significant funding and technological promise.

Company Intelligence Q&A

What is Oryx Vision's primary business?

Oryx Vision developed light detection and ranging (LiDAR) sensors for autonomous vehicles, focusing on high performance, durability, and cost-effectiveness.

When was Oryx Vision founded and by whom?

Oryx Vision was founded in May 2009 by David Ben-Bassat and Rani Wellingstein.

What was the total capital raised by Oryx Vision?

Oryx Vision raised a total of $67 million across two funding rounds.

What was the most recent significant event for Oryx Vision?

In August 2019, Oryx Vision ceased operations, impacting its business trajectory significantly.

Which investors participated in Oryx Vision's funding rounds?

Oryx Vision received funding from investors including Bessemer Venture Partners.