Valens Semiconductor Ltd. was established on August 19, 2019. The company is a high performance connectivity company that provides chipsets that allow for the robustly distribution of large amounts of video and data over long distances. Valens operates on a fab-free model and has two main business units. The first major business sector is the cross-industry business sector, including professional audio and video, industrial and medical. The second largest business unit is the automotive business unit. Valens' tens of millions of chipsets are deployed in millions of audio and video applications worldwide, covering multiple vertical industries. Valens has a customer base of major global consumer electronics companies. Valens is an existing supplier of HDBaseT standard-compliant HDBaseT chipsets, offering multiple series of HDBaseT products to meet changing market needs.