360 Capital in $15m series-B round for Chronocam

The round was led by Intel Capital and joined by Robert Bosch Venture Capital, iBionext, CEA Investissement and Renault-Nissan Group. 

Altogether, the pool of investors will hold 15% of Chronocam's share capital.

The company intends to use the funds to accelerate product development and commercialise its computer vision sensing and processing technology, as well as to expand into key markets, including the US and Asia. It also plans to package its technology into a full end-to-end system, which it hopes to finalise next year.

The startup is hoping to grow its headcount from 30 to 50 by 2017.

Previous funding
The company was co-founded and seeded by chairperson Bernard Gilly and the iBionext team in 2014. iBionext Growth Fund is a venture capital vehicle launched in early 2016 that builds, accompanies and leads the financing of healthcare startups. The seed round amounted to an estimated $850,000.

Company
Led by CEO and co-founder Luca Verre, Chronocam develops vision sensors and computer vision systems for automotive, Internet-of-Things and other applications requiring vision processing.

Launched in 2014, the company currently employs 30 staff.

People
iBionext – Alexia Pérouse (CEO)
Intel Capital – Abdul Guefor (investment director).
360 Capital Partners – Nicolas Autret (partner).
Robert Bosch Venture Capital – Gadi Toren (investment partner).
CEA Investissement – Christophe Desrumaux (investment director).

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