Computer vision startup Brodmann17 closes down
Computer vision startup Brodmann17 closes down
Almost 30 employees were laid off after the crisis forced the six-year-old startup to cease its operations
Israel-based deep learning computer vision startup Brodmann17 has shut down, CEO Adi Pinhas wrote on LinkedIn. All the company’s employees, totaling almost 30, were laid off.
Founded in 2016 by entrepreneurs Pinhas, Amir Alush, and Assaf Mushinsky, Brodmann17 developed software for computer vision applications for automated vehicles. The company raised an $11 million Series A funding round led by OurCrowd in 2019. Venture capital fund Maniv Mobility, Samsung’s venture capital arm Samsung NEXT, and Sony Innovation Fund also participated in the round. Brodmann previously raised a $2.5 million Seed round in 2017.
“In the past six years, we developed in Brodmann17 AI based vision-solutions for the mobility market. I was fortunate to work with an outstanding multi-disciplinary team who came up with some of the most groundbreaking and award-winning products for automotive, video-telematics, and micro-mobility,” Pinhas wrote. “As we had to shut down Brodmann17 today, we will not be able to bring these products to the mass market as we hoped, we do get comfort that our innovation will hopefully influence the market thinking and others will proceed in the mission of creating safer mobility to everyone.
“We started Brodmann17 exactly six years ago with a clear vision to revolutionize AI thinking and to demonstrate how AI can be a part of everyday devices. We demonstrated uncompromising AI quality on low-cost, low-power platforms that can proliferate everywhere.
“The team here is moving on and I wish them the best of luck and success. And if what we developed here will fertilize the industry globally, then we have no regrets about anything.
“Now, go get our team asap; they are the best people to be found,” Pinhas concluded.
