Israeli HDBaseT chip maker Valens raises $20M Series C to enter automotive tech

Making a splash at this year’s CES in Las Vegas, Israeli semiconductor company Valens has announced that they succeeded in securing a $20 million funding round. The new influx of cash was raised in September 2015, but was kept under wraps until now, likely to coincide with CES.

Leading the round were previous investors Magma Venture Partners and Genesis Partners, who were joined by a number of smaller private personalities. Following this series of funding, the company’s raised total climbs to a respectable $40 million.