CogniTens Ltd. (now Hexagon Metrology Israel)

www.cognitens.com

Now Hexagon Metrology Israel

High-Tech Company

Acquired by Hexagon AB

TECH VERTICALS

Artificial Intelligence, Automotive, Computer Vision, Industrial Technologies, Machine Vision, Manufacturing

General Data

Sector	Hardware & Industrial
Company Stage:	Revenue Growth
Established	1995
Number of Employees	100

DESCRIPTION

CogniTens is the leading provider of comprehensive Dimensional Measurement Solutions, focused on improving engineering and manufacturing processes in automotive and other manufacturing industries. Dimensional Measurement is an increasingly significant strategy which allows manufacturing organizations to accelerate product introductions, reach higher product quality and reduce production costs, and bring about higher profits for each product.

TECHNOLOGY

CogniTens' proprietary technology is based on the acquisition of three 2D images of free forms with a CCD camera, which converts them into precise 3D information. The company's core technology centers on rebuilding the 3D structure of physical objects from their 2D projections. The coupling of innovative software (based on patented technology) and innovative physics solutions (patent pending), results in a technology for application in industrial environments, design and modeling, as well as mass consumer markets. The combination of high accuracy and rapid data acquisition positions CogniTens' technology as the most appropriate answer for emerging manufacturing requirements.
Image reconstruction is peformed in 3 steps:

Image acquisiton is performed within milliseconds. Combined with the high accuracy of the optical head for finest resolution, the technology is the most suiting one available today even for the toughest production environment.
3D data computation: sophisticated and patented algorithms perform fast, accurate and dense 3D data calculations, based on the 2D images acquired by the optic head. The measurement calculation step typically takes about 20 seconds. Measurements are shown as a cloud of points (COP) or as a table of x, y, z coordinates. Complex features and edges on the object can also be converted to 3D measurements, based upon the initial 2D data that was obtained.
Analysis: the system offers a unique combination of different measurements: full surface, single point and features measurements. The user can choose from several standard outputs or export the data to other formats for analysis.

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Automotive OEMs, Suppliers and line builders.

	BUSINESS MODEL
	B2B

REMARKS

Date	Remark
01/09/2007	Hexagon AB acquired CogniTens Ltd. and turned it into its Israeli R&D center.

CONTACT INFO

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Main Address: Ramat Hasharon, Israel

Address	55 Haneviim St.
POB	1713
City	Ramat Hasharon
Country	Israel
Zip	47282

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Wixom, United States

Address	28221 Beck Rd., Bldg. A-21
City	Wixom
State/Province	MI
Country	United States
Zip	48393

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Frankfurt, Germany

Address	Niedenau 82
City	Frankfurt
Country	Germany
Zip	60325

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Shanghai, China

Address	Suite 19D, San He Building, No. 121 Yan Ping Rd., Jing An District Shanghai
City	Shanghai
Country	China

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Tokyo, Japan

Address	T323 Place Bldg. 1F, 3-2-3 Takanawa Minato-ku
City	Tokyo
Country	Japan
Zip	108-0074

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. John Austermann	President, North America
Mr. Noam Aviv	Country Manager, China & Korea	Kagoor (VOIP Technology Business Consultant)
Mr. Isao Ito	Country Manager, Japan	Tecnomatix (Co-Founder, Japanese operations)
Dr. Tamir Shalom	Co-Founder	Tecnomatix (Chief Scientist)
Prof. Amnon Shashua	Co-Founder	Medis (R&D Director)

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Sep. 03, 2007

abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Sixth Round

Dec. 26, 2006

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Holds 18% of the company
abC Defghij	Investment Company	abCDe

Fifth Round

May. 04, 2005

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Investment was made By Clal, the company is being held by Infinity
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Family Office	abCDe
abC Defghij	Investment Company	abCDe

Fourth Round - Extended

May. 12, 2003

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Holds 16% of the company
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Family Office	abCDe
abC Defghij	Investment Company	abCDe	Led the round

Fourth Round

Mar. 05, 2003

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Investment was made By Clal, the company is being held by Infinity
abC Defghij	Venture Capital Fund	abCDe

Third Round - Extended

Apr. 08, 2002

Initial Revenues

abCDe

Third Round

Mar. 01, 2002

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Private Investor	abCDe

Second Round

Nov. 01, 1999

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Led the round
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Private Investor	abCDe

First Round

Oct. 01, 1998

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Investment Company	abCDe

Seed

Oct. 13, 1997

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Private Investor	abCDe
abC Defghij	High-Tech Company	abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Jun. 01, 2003

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe	Co-op with TESCO Group Companies (MI)

	Non-Equity Assistance

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Date

Stage

Remarks

Non-Equity Assistance

Oct. 01, 1996

Seed

Contributor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe	In-kind payment for time-limited exclusive rights

Last Updated:	abCDe
IVC Number:	abCDe