The company raised $30.4 million by selling an approximate 3 per cent stake to investors including Israel’s Clal Insurance and Meitav Dash. That brought the total amount OrCam has raised from investors so far to $130.4 million. He is hoping the company will be valued at $1.5-$2 billion when it lists. Aviram said he saw OrCam’s growth surpassing that of the previous company he co-founded – autonomous vehicle technology provider Mobileye, which was bought last year by Intel for $15 billion. After revenue of $10 million in 2017, Aviram expects sales to jump to $20-$30 million in the coming year and for the company to become profitable in 2019.

Source: The Express Tribune February 20, 2018 07:41 UTC