San Diego -based company OrCam has completed a $130m funding round to support development and expansion of its healthcare -orientated OrCam devices. Using machine vision, a technology usually found in autonomous cars, the company has created an earpiece and up to 100 devices that clip to a pair of glasses and help blind and visually impaired individuals navigate the world around them. The MyEye products can recognise two faces, read text to the user and work out the amount of bills, among other functionality. Aviram previously founded MobilEye, a technology company that uses machine vision to help autonomous cars avoid collisions. The investments bring OrCam 's total funding to $130m , giving the company a valuation of $ 1bn .
San Diego -based company OrCam has completed a $130m funding round to support development and expansion of its healthcare -orientated OrCam devices. Using machine vision, a technology usually found in autonomous cars, the company has created an earpiece and up to 100 devices that clip to a pair of glasses and help blind and visually impaired individuals navigate the world around them. The MyEye products can recognise two faces, read text to the user and work out the amount of bills, among other functionality. The investments bring OrCam 's total funding to $130m , giving the company a valuation of $ 1bn .