Tuesday, May 15, 2018

Metawave Sees $10M For Automotive Radar Technology

Palo Alto-based Metawave Corporation, a developer of automotive radar technology, has raised $10M in a funding round, the company said this morning. The funding was led by DENSO, and also included Toyota AI Ventures, Hyundai Motor Company and Asahi Glass plus existing investors Motus Ventures, Khosla Ventures, Autotech Ventures, Bold Capital, SAIC Capital, Western Technology Investment (WTI), and Alrai Capital. Metawave said it is developing "smart" automotive radar systems, which uses artificial intelligence and radar to aid in development of Advanced Driver Assistance Systems (ADAS) and autonomous driving systems. More information »