Deals
A $1 Billion Valuation for Mobileye Founders' Latest Venture
- OrCam raises $30m round led by Israel institutional investors
- OrCam’s MyEye device fits onto glasses and reads text aloud
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OrCam, a company developing technology for the visually impaired, has been valued at $1 billion after a $30.4 million round of funding.
The Israeli company was created by the founders of Mobileye NV, a maker of autonomous vehicle technology, which Intel Corp. acquired last year for about $15 billion.