Valens Semiconductor Ltd. - VLN STOCK NEWS

Verkada has secured $205 million in a Series D funding round, raising its valuation to $3.2 billion. The funding, led by Linse Capital, will accelerate investments in existing and new product lines, expand hiring, and support geographic growth. Since 2020, Verkada has quadrupled its customer base and team size, nearly doubling revenue year-over-year. Their six product lines offer an integrated security solution, serving over 13,000 organizations worldwide, including several Fortune 500 companies.

Keysight Technologies (NYSE: KEYS) announced a new automotive serializer/deserializer (SerDes) receiver compliance test solution for MIPI A-PHY devices. Developed in collaboration with BitifEye Digital Test Solutions and Valens Semiconductor (NYSE: VLN), this solution enables automotive manufacturers to validate receiver performance in harsh conditions. Key features include a comprehensive test framework, custom fixtures for stress testing, and automatic report generation. This initiative supports the growing demand for high-speed digital interfaces in next-generation in-vehicle networks.

Valens Semiconductor (NYSE: VLN) announced the successful completion of interoperability testing between a Sony Semiconductor Solutions transmitter and a Valens receiver using MIPI A-PHY technology. This milestone demonstrates key communication features, including error correction and high-speed data transmission. Valens aims to expand the MIPI A-PHY ecosystem, a critical connectivity standard in the automotive sector. The collaboration with Sony is expected to enhance the integration of advanced technology into their image sensors, ultimately benefiting automotive customers.

Valens Semiconductor (NYSE: VLN) and Leopard Imaging have partnered to create the industry's first off-the-shelf MIPI A-PHY camera module, aimed at expediting the market entry of A-PHY-based systems for automotive OEMs and Tier 1 suppliers. With a growing demand for MIPI A-PHY connectivity solutions in Advanced Driver-Assistance Systems (ADAS), the new camera module promises to simplify integration and enhance performance. This collaboration aims to leverage the advanced capabilities of Valens’ VA7000 chipsets, expected to drive broader adoption in the automotive market.

Valens Semiconductor (NYSE: VLN) will co-host two webinars in September 2022, showcasing the capabilities of its VA7000 chipsets for high-speed in-vehicle video connectivity. The first webinar, in English, is on September 7 at 10:00 AM ET, featuring industry leaders discussing MIPI A-PHY integration in Advanced Driver-Assistance Systems (ADAS). The second webinar, in Chinese, is scheduled for September 8 at 2:00 PM BJT. The VA7000 chipsets are the first to implement the MIPI A-PHY standard, enhancing ADAS and sensor connectivity.

Valens Semiconductor (NYSE: VLN) will participate in key investor events in September 2022. CFO Dror Heldenberg will attend the Credit Suisse 23rd Asian Technology Conference virtually on September 5-6. CEO Gideon Ben-Zvi and VP Investor Relations Daphna Golden will join Citi's 2022 Global Technology Conference in New York on September 7. The team will also participate in the Jefferies Israel Tech Track on September 22 in Tel Aviv. Valens is renowned for its high-speed connectivity solutions and advancements in automotive technology.

Valens Semiconductor (NYSE: VLN) reported record second-quarter revenues of $22.5 million, representing a 28.4% increase year-over-year and a 4.0% growth sequentially. The company improved its full-year guidance, anticipating revenues between $89.1 million and $89.8 million, doubling automotive revenues from 2021. Despite a net loss of $(10.0) million, Valens expects to achieve adjusted EBITDA breakeven by late 2023. The gross margin for Q2 2022 was 70.2%. Strong demand for both audio-video and automotive segments underpins this growth.

Valens Semiconductor (NYSE: VLN) announced upcoming participation in various investor events from August 10 to September 1, 2022. Key presentations include Oppenheimer's Technology Conference on August 10, featuring CFO Dror Heldenberg at 2:55 PM ET, followed by participation at Jefferies Semiconductor Summit on August 30, and Deutsche Bank Technology Conference on September 1, where 1-on-1 meetings will be held. Valens specializes in high-speed connectivity solutions for the audio-video and automotive sectors, with its HDBaseT technology leading the market.

Valens Semiconductor (NYSE: VLN) will release its second quarter 2022 financial results on August 10, 2022. A conference call to discuss these results and the business outlook will occur on the same day at 8:30 a.m. ET. Investors can join the call via phone or access a live webcast on Valens' investor relations website. Valens is known for its HDBaseT® technology, crucial in the Audio-Video and Automotive industries, which supports advanced connectivity solutions.