Metawave Corporation, a Palo Alto and Carlsbad, CA-based Smart Automotive Radar company, raised an additional $10m in funding.
This round, which brings total funding to $17m, included Denso, Toyota AI Ventures, Hyundai Motor Company and Asahi Glass, Motus Ventures, Khosla Ventures, Autotech Ventures, Bold Capital, SAIC Capital, Western Technology Investment (WTI), and Alrai Capital.
The company intends to use the funds to continue to expand operations and continue to build its products.
Founded in 2017 and led by CEO, Maha Achour, PhD, Metawave is building wireless technology platforms using engineered metamaterials and Artificial Intelligence (AI) to develop wireless systems and communication infrastructures. The company is initially focusing on providing smart radar platforms, for Advanced Driver Assistance Systems (ADAS) and autonomous driving (capable of 4D point-cloud imaging, non-line of sight object detection, and vehicle-to-vehicle communication, making cars safer, smarter, and connected).
In the near future, it will enable smart antenna platforms for Fixed Wireless and the 5G cellular infrastructure to power dense point-to-point, point-to-multipoint, and mesh configurations for backhaul and access networks.