November 21, 2024

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[THE INVESTOR] Samsung Electronics has joined a recent US$10 million funding for TetraVue, a 3-D camera sensor maker for self-driving cars, in its latest automotive push.

Its venture capital fund Samsung Catalyst Fund participated in a consortium of global investors, including Robert Bosch Venture Capital, Nautilus Venture Partners and Foxconn, to invest in the startup. 

Founded in 2008, the California-based startup TetraVue develops 3-D image capturing technology, one of the key technologies for automotive driving. 

Its solution is based on the auto-focused Light Detection and Ranging or LiDAR technology but can be used in other sectors, such as digital mapping and augmented reality.

The latest investment comes after the Korean tech giant’s recent purchase of Harman International, the US car infotainment system giant, for US$8 billion. The deal was approved by Harman shareholders last week.

By Kim Young-won (wone0102@heraldcorp.com)