The latest funding brings the amount raised by Metawave to $17 million. The company, founded in 2017, is using a combination of metamaterials and artificial intelligence methods with an initial focus on smart radar platforms, for Advanced Driver Assistance Systems (ADAS) and autonomous driving. Metawave plans to also work on smart antenna platforms for fixed wireless and the 5G cellular infrastructure to power point-to-point, point-to-multipoint, and mesh configurations for backhaul and access networks.
"The team has demonstrated a high-resolution automotive 77 GHz radar with object classification capabilities based on a simpler architecture that scales for long ranges and wider field of views," said Maha Achour, Metawave's CEO, in a statement. "We are now developing strong partnerships, building infrastructure, and hiring the most talented people in this exciting industry."
The latest round added five new strategic investors, including global automotive supplier Denso who led the round, Toyota AI Ventures, Hyundai Motor Company and Asahi Glass. Participating original investors include Motus Ventures Khosla Ventures, Autotech Ventures, Bold Capital, SAIC Capital, Western Technology Investment and Alrai Capital.
Three sensors crucial to autonomous vehicles are the camera, lidar and radar. While the camera has the highest resolution, it cannot see much beyond 50 meters. Lidar extends that range to 150m with reduced resolution. Radar can see further, and through adverse weather conditions, but has traditionally lacked resolution and required heavy compute resources.
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