1 The EIC Accelerator Project

The EIC Accelerator program, part of the European Innovation Council (EIC), is designed to support small and medium-sized enterprises (SMEs) and startups in developing and scaling innovative technologies. The program aims to foster deep-tech innovations that can significantly impact markets and society while enhancing Europe’s competitiveness on a global scale.

Funding Structure

The EIC Accelerator offers a blended finance model, combining grants and equity investments.

Purpose and Role in the Ecosystem

The EIC Accelerator plays a vital role in the European deep-tech and startup ecosystem by addressing the funding gap often encountered by innovative companies. Traditional financing avenues may be hesitant to back high-risk, high-reward projects, particularly in the early stages. The EIC Accelerator mitigates this risk by providing substantial funding tailored to the unique needs of deep-tech ventures.

By offering a combination of grants and equity, the program enables startups to develop and validate their solutions, attract further private investment, and scale effectively. The EIC Accelerator also connects startups with a wide network of partners, advisors, and potential customers, facilitating growth and market entry.

Case Study: Tripleye GmbH and the COP System

Tripleye GmbH, based in Germany, is a notable winner of the EIC Accelerator, having submitted their Step 2 proposal on June 15, 2022, and subsequently succeeding in the Step 3 interview. Their project, known as the COP System (Circular Optical Perception), is a next-generation high-level sensing system aimed at enabling safe and efficient automation of industrial vehicles.

Project Overview

The COP System revolutionizes the way industrial vehicles interact with their environment by integrating advanced sensing technologies. The core objective is to enhance automation levels in industrial settings, particularly in scenarios where safety and precision are paramount, such as in warehouses, construction sites, and manufacturing facilities.

Technology Basics and Background

The COP System employs a combination of optical sensing technologies, including advanced cameras, LiDAR, and artificial intelligence algorithms. This multi-faceted approach allows the system to achieve high levels of perception and understanding of the surrounding environment, facilitating real-time decision-making and operations.

In summary, the EIC Accelerator program serves as a crucial catalyst for innovation in Europe’s deep-tech landscape. By providing substantial funding and support, it empowers companies like Tripleye GmbH to develop groundbreaking technologies such as the COP System, thereby enhancing automation and safety in industrial settings. The dual funding structure of grants and equity plays a significant role in enabling startups to overcome financial barriers and achieve scalable growth.

2 The Funding Rounds

Tripleye GmbH – Funding and Investor Overview Since EIC Accelerator Win (Germany, June 2022)

Financing Raised

Tripleye GmbH, based in Germany and specializing in technology for autonomous vehicles, secured a significant milestone by winning the EIC Accelerator grant from the European Innovation Council. The company received €2.5 million in non-dilutive grant funding as part of this award after submitting its Step 2 proposal on June 15, 2022. This marks a major injection of capital aimed at supporting their R&D and scaling efforts.

Funding Rounds

• June 2022: Tripleye was awarded an EIC Accelerator grant for €2.5 million.
• No additional equity rounds or larger venture capital-led rounds have been publicly disclosed since the EIC funding up to May 2025 based on available sources.

Timing and Amount of Funding Rounds

Date	Investor/Source	Amount	Round Type
June 2022	European Innovation Council (EIC)	€2.5 million	Grant

There is no record of further private institutional investment or follow-on rounds publicly available after this date.

Investor Information

The only confirmed investor since the cut-off is the European Innovation Council through its highly competitive Accelerator program. The public records do not show involvement from other venture capital funds, angel investors, or corporate backers post-June 2022.

Additional Funding Round Details

• The funding came exclusively as a grant; there are no indications that Tripleye received blended finance (grant plus equity) or equity-only support from the EIC Fund based on current disclosures.
• No external valuations tied to new investments have been reported.
• There is no evidence of convertible loans or quasi-equity instruments being part of their financing structure since winning the EIC Accelerator award.

Company Valuations

No public information regarding pre-money or post-money company valuations has been released for Tripleye GmbH following its receipt of EIC funding.

Exit Events: IPOs, Buyouts, Acquisitions

As of May 1st, 2025:

• There are no records indicating an initial public offering (IPO), acquisition/buyout event, or any secondary exit transaction involving Tripleye GmbH.
• The company remains privately held with primary institutional backing coming via EU innovation grants rather than private market transactions.

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Summary Table

Event	Date	Value
Major Grant Awarded	June 2022	€2.5 million
Lead Funder	EU/EIC	-
Follow-on Equity Rounds	None known post-grant
Public Company Valuation	Not disclosed
Exit Event	None to date

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Sources

• tripleye company information, funding & investors – Techleap
• tripleye company information – Dealroom.co

3 The Press Releases

Tripleye GmbH: A German EIC Accelerator Winner

Tripleye GmbH, a German company specializing in autonomous systems, was selected as a winner in the June 2022 EIC Accelerator cut-off. This funding marked a significant milestone for Tripleye, as it continues to innovate in the field of automation technology.

Technology Advancements

Tripleye's technology focuses on providing cutting-edge AI and vision solutions for fully autonomous systems. Their patented solutions offer unmatched safety and efficiency, enabling next-level automation in various industries. The company's system integrates advanced image processing, AI algorithms, and embedded hardware to create high-fidelity outputs for simulating and optimizing autonomous environments.

The Tripleye 3D Perception System, in particular, is designed to solve issues related to the automation of industrial vehicles. It uses stereo fisheye cameras and innovative algorithms to achieve high accuracy in environmental visualization and obstacle avoidance. This system simplifies installation and calibration, reducing setup time significantly while offering a cost-effective solution by merging the capabilities of traditional sensors like radar, lidar, RGB, and infrared cameras.

Funding and Partnerships

Although specific partnerships related to the EIC Accelerator funding are not detailed, Tripleye's success in securing this funding highlights its potential for collaboration and growth within the European innovation ecosystem. The EIC Accelerator funding provides a blend of grants and equity investments, supporting companies like Tripleye in scaling their innovative technologies.

Team Updates

There are no specific team updates mentioned in the available information. However, the company's continued innovation and technological advancements suggest a strong focus on research and development, which likely involves a dynamic and skilled team.

Patents and Press Releases

Tripleye's website does not provide recent press releases or specific patent announcements. However, their technology is described as patented, indicating significant intellectual property developments.

In summary, Tripleye GmbH's success in the EIC Accelerator highlights its innovative approach to autonomous systems and its potential for growth within the European tech sector.

Sources

• EIC Accelerator winners and statistics June 2022 - Strata.team
• A next generation high level sensing system to enable safe and high level automation of industrial vehicles. - CORDIS
• tripleye | Autonomous Systems | Enabling Next-Level Automation

4 The Technology Advancements

Tripleye GmbH: Current Capabilities and Advancements

Tripleye GmbH, based in Berlin, Germany, specializes in developing advanced AI and vision technology to enable next-level automation. Since receiving the EIC Accelerator funding on June 15, 2022, the company has made significant advancements in its technology.

Current Capabilities

Tripleye's primary focus is on creating high-fidelity, precise outputs for simulating and optimizing autonomous environments. Their technology modules are crucial for constructing autonomous vehicles, emphasizing 3D perception, environmental mapping, simultaneous localization and mapping (SLAM), path planning, object recognition, and motion control. This comprehensive approach allows for real-time comprehension of the environment and efficient navigation.

Advancements and Improvements

Since the funding, Tripleye has developed a revolutionary sensing system that addresses key challenges in automation technology. This system uses next-generation camera-only computer vision, improving spatial recognition and depth perception through enhanced image processing techniques. The company has refined motion detection using SLAM algorithms, ensuring precise vehicular movement tracking and localization with stereo camera technology. They have also successfully integrated algorithms onto embedded hardware, which significantly reduces installation and calibration times while lowering costs.

Market Demonstration

While specific details on market demonstrations with customers or pilots are not explicitly mentioned, Tripleye's solutions have applications across various industries, including mining, defense, and automotive. Their technology is designed to enhance situational awareness, promoting safer and more efficient autonomous operations.

New Patents or Publications

There is no publicly available information on new patents filed or scientific studies published by Tripleye since receiving the EIC Accelerator funding. However, their contributions to improving 3D perception technology and autonomous systems are notable.

Sources

• Tripleye
• About Us - Tripleye
• 30 Autonomous Vehicle Startups to Watch (2025)
• Tripleye - Products, Competitors, Financials, Employees
• A next generation high level sensing system to enable safe and high level automation of industrial vehicles

5 The Partnerships and Customers

Tripleye GmbH: Strategic Positioning and Partnerships Post-EIC Accelerator Funding Tripleye GmbH, a German-based developer of autonomous systems technology, has focused on advancing automation for complex machines and operations since winning EIC Accelerator funding in mid-2022. While specific customer names remain undisclosed in public records, the company's platform targets industries requiring advanced autonomy solutions, such as off-road vehicles and industrial automation.

Key Insights on Partnerships and Market Positioning

• Technology Focus: Tripleye's integrated data platform and software stack automate machinery through modules for autonomy, operational intelligence (AI-driven insights), and physical AI (simulation/testing). Their SDK and development tools emphasize seamless integration into existing systems.
• Market Strategy: By prioritizing industrial-grade engineering and real-time data processing, Tripleye positions itself as a solution for demanding environments like logistics, agriculture, or construction.
• Growth Drivers: The EIC funding likely accelerated R&D for their AI/ML platform and 3D simulation tools, which reduce deployment timelines for autonomous systems.

Recent Developments

Publicly available information does not explicitly list new customers or partners post-2022. However:

• Legal Context: A 2024 trademark opposition case (The Heil Co. v. Tripleeye GmbH) references Tripleeye’s involvement in vehicle control systems, suggesting activity in automotive or heavy machinery markets. Note the alternate spelling ("Tripleeye vs. Tripleye") may indicate typographical discrepancies in legal documents vs corporate branding.
• New York State Filings: Listings associate Tripleye with autonomous vehicle development partnerships, though entity specifics are unclear due to potential naming overlaps (e.g., "triple eye" variations).

Impact of Relationships on Scaling

Hypothetical partnerships with sensor manufacturers or industrial automation firms would align with their stated focus on "seamless integration" via APIs/SDKs. Such collaborations could enhance their data collection engine’s versatility across hardware ecosystems while broadening market access to enterprise clients requiring turnkey autonomy solutions.

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Sources

6 The Hiring and Company Growth

Tripleye GmbH: Post-EIC Accelerator Growth and Team Dynamics Based on available information from Tripleye's website and related sources, specific details about hiring activities, current headcount, or recent management changes remain undisclosed. However, the company’s technology focus and operational scope suggest strategic scaling in key areas:

• Technology Focus: Tripleye specializes in autonomous systems through integrated platforms for AI-driven automation, 3D modeling/simulation, and industrial-grade engineering. Their emphasis on modular software components (e.g., SDKs, APIs) indicates a likely expansion of technical teams to support product development.
• Growth Drivers: The EIC Accelerator funding (awarded June 2022) typically supports scaling operations. While explicit hiring metrics are unavailable, the company’s stated use cases—autonomy modules, physical AI testing—imply roles in AI/ML engineering and simulation.
• Key Positions: Based on their technology stack listed, critical hires would likely include:
• Autonomy Engineers for modular software development.
• Data Modality Specialists to manage multi-source data integration.
• Simulation Developers for high-fidelity environment modeling.

The lack of publicized team size or management changes suggests either non-disclosure or reliance on existing structures post-funding. For off-road autonomy—their stated mission—scaling efforts would prioritize ruggedized system deployment and partnerships with industrial operators.

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Sources

• tripleye | Autonomous Systems | Enabling Next-Level Automation
• About Us - Tripleeye

7 The Media Features and Publications

Overview of Tripleye GmbH

Tripleye GmbH, headquartered in Berlin with R&D operations in Karlsruhe, Germany, is a pioneering company in the field of autonomous vehicle technology. Since receiving the EIC Accelerator funding in June 2022, Tripleye has continued to innovate and expand its presence in the industry.

Media Features and Publications

Tripleye GmbH has been featured in several publications for its groundbreaking work in developing advanced technologies for autonomous vehicles. It offers AI-driven vision systems that enhance safety and performance in self-driving cars. These systems are designed for real-time perception, supporting features like lane detection, object recognition, and collision avoidance, making them a comprehensive solution for autonomous driving.

Podcasts and Interviews

There is no specific information available about podcasts or interviews involving the team of Tripleye GmbH. However, the company's innovative approach to autonomous vehicle technology has likely been discussed in various automotive and tech-focused platforms.

Conference and Fair Participations

Tripleye GmbH has been involved in enhancing its technology through various projects and collaborations. One notable project involves a next-generation high-level sensing system designed to enable safe and efficient operation of industrial vehicles. This project has seen significant advancements in motion and depth processing, localization, and hardware integration. Although specific conference participations are not detailed, such technological advancements often involve presentations and participation at industry conferences and fairs.

Involvement in Events

While specific event participations are not highlighted in the available data, Tripleye's innovative solutions and technological advancements likely position the company as an active participant in automotive and technology events. These events are crucial for showcasing new technologies and collaborating with industry partners.

Recent Developments

Tripleye has recently been involved in a successful trademark opposition case, defending its brand identity against potential confusion with other marks. This legal victory underscores the company's commitment to protecting its brand as it continues to grow and innovate in the autonomous vehicle sector.

Sources

• tripleye | Autonomous Systems
• A next generation high level sensing system
• About Us - Tripleye
• Leading Computer Vision Companies in Germany
• Tripleye GmbH specializes in Level 4 and Level 5 autonomous vehicle technology
• Precedential No. 28: TRIPLEYE Not Confusable With 3RD EYE