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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intel Corporation    INTC

INTEL CORPORATION

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Porsche invests in Israeli road visibility startup TriEye

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08/21/2019 | 03:31am EDT
The Porsche logo as the reveal of the 2020 Porsche 911 Speedster at the 2019 New York International Auto Show in New York

TEL AVIV (Reuters) - Israel's TriEye, whose short-wave-infra-red sensing technology enables vision in adverse weather and night-time conditions, has expanded its funding round to $19 million with an investment from German sports car manufacturer Porsche.

The amount invested by Porsche was not disclosed.

TriEye said on Wednesday the additional funds will be used for product development and operations as well as team growth.

In May, TriEye announced an early funding round, led by Intel Capital. Other investors in the round include Israeli businessman Marius Nacht and TriEye’s existing investor Grove Ventures. To date, TriEye has raised $22 million, including a seed investment of $3 million led by Grove Ventures in 2017.

The company said its camera, whose initial samples are due to launch in 2020, is designed to save lives on the roads.

Porsche Ventures said it seeks strategic investments in businesses relating to customer experience, mobility and digital lifestyle, as well as artificial intelligence, blockchain and virtual and augmented reality.

(Reporting by Tova Cohen; Editing by Steven Scheer)

Stocks mentioned in the article
ChangeLast1st jan.
CHECK POINT SOFTWARE TECHNOLOGIES LTD. 0.36% 111.09 Delayed Quote.7.83%
INTEL CORPORATION -0.40% 51.74 Delayed Quote.10.70%
PORSCHE HOLDING -0.10% 60.84 Delayed Quote.17.93%
VILMORIN & CIE 0.00% 49 Real-time Quote.-4.60%
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Financials (USD)
Sales 2019 69 419 M
EBIT 2019 22 077 M
Net income 2019 18 597 M
Debt 2019 15 134 M
Yield 2019 2,40%
P/E ratio 2019 12,7x
P/E ratio 2020 12,3x
EV / Sales2019 3,57x
EV / Sales2020 3,49x
Capitalization 233 B
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Technical analysis trends INTEL CORPORATION
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 42
Average target price 54,31  $
Last Close Price 51,95  $
Spread / Highest target 44,4%
Spread / Average Target 4,54%
Spread / Lowest Target -26,9%
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Managers
NameTitle
Robert Holmes Swan Chief Executive Officer, Director & Executive VP
Andy D. Bryant Controller
Ann-Marie Holmes Vice President-Operations & Manufacturing
Todd Underwood Chief Financial Officer & Vice President
Ann B. Kelleher Senior VP-Technology & Manufacturing Group
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