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PALO ALTO, California. –( iCrowdNewswire )— Blink Technologies, the emerging leader in eye-tracking software, today announced a $14 million Series A funding round led by INcapital Ventures, with participation of notable private investors, including Group Gefen Capital Blink’s seed investors, Trilogy, Eldridge, Cervin Ventures and Elysian Park. The new capital follows a seed round raised in April 2018 and brings Blink’s total investment to date to $24 million. The company has sites in Downtown Palo Alto, CA and Downtown Haifa, ISRAEL.
Company picture by Tzachi Mizrachi
“We are excited with this opportunity. This is an experienced team who is used to deliver on their forecasts and hit their milestones. Blink’s ability to provide easy-to-implement software only eye tracking solutions is a game changer in this growing market.” Said Natty Nashman, Managing Partner at INcapital.
Oren Yogev – picture credit to Intel spokespersons department.
“We use our proprietary AI-based, eye-tracking software solution to simplify the human machine interface and make the world more accessible to everyone across any device.” Said Oren Yogev, Blink CEO
Blink’s vision is to create the ultimate interaction between the human-vision and the evolving world around us. Humanity is constantly seeking for new ways of interaction beyond the traditional physical touch, as eye-tracking technology will be a standard feature in our evolving world – enabling a faster and more natural way of communication with the growing number of smart devices and intelligent hardware devices across many industries.
“We use our proprietary AI-based, eye-tracking software solution to simplify digital experiences across any device and any operating system, said Oren Yogev, CEO and Co-Founder of Blink. “The human – digital evolution is here as we continue to create interconnected set of experiences in the hybrid world known as the metaverse”. Oren Yogev is a known and successful serial entrepreneur who sold his last company Replay Technologies to Intel 5 years ago.
Combining eye-tracking control with 3D technology, Blink is reshaping the way we experience traditional vision displays by allowing for a seamless 3D environment without the use of special glasses or a head mounted display (HMD). “The future of this technology will be a part of our everyday lives,” explains Blink CTO, Gilad Drozdov. “Our cars, smartphones and computers will all use eye-tracking to enhance our products as well as create eye-control navigation.”
Blink is currently helping customers engage at optometry, 3D displays education, eye health, mobile devices and retail using touchless technology kiosks and online applications using gaze tracking on devices to provide eye control and selection on devices, eliminating the need for physical touch in today’s complicated post-COVID environment.
Inbar Haham and Natty Nashman – Co-Founders and Managing Partners INcapital – Curtacy INcapital
Blink will use its new capital for product development and new hiring. The company plans to double its workforce to 60 employees through expanding its US and Asia sales, customer service and Israeli R&D teams.
About Blink Technologies
Blink is the first start-up company to develop a robust, non-intrusive, eyesight tracking technology without the need for specially designed dedicated hardware apart from the built-in camera that already exists on the device. Our proprietary solution is based on mathematical modeling of the eye combined with machine-learning architecture, personalized for the user. The company algorithms can monitor multiple users’ 3D head pose, eye movement, eye-state, localization, and direction of visual fixation as recorded by the camera.
About INcapital Ventures
INcapital Ventures focuses on investing in early-growth stage B2B technology companies primarily from Israel. The fund has offices in Toronto, NYC and Tel Aviv.
The fund is anchored by a Canadian family office and backed by prominent institutional and private investors from North America. The managing partners of the fund, Natty Nashman and Inbar Haham take an active role with portfolio companies, utilizing their operating experience and global network to help them scale in North America.
The fund supports founders in areas such as: capital raising, business development and go to market strategy. So far, the fund has made investments into 8 companies across various sectors in series A and B financing rounds.
