AEye, a Pleasanton, CA–based provider of artificial perception systems and the developer of iDAR™, closed $40m in Series B funding.
The round was led by Taiwania Capital, with participation from existing investors Kleiner Perkins, Intel Capital, Airbus Ventures and Tychee Partners and other strategic investors.
The company intends to use the funds accelerate global expansion.
Led by Luis Dussan, founder and CEO, AEye is a maker of artificial perception systems and iDAR™, a perception system that acts as the eyes and visual cortex of autonomous vehicles.
The company’s iDAR system is an intelligent artificial perception system that physically fuses an agile, solid-state LiDAR with a hi-res camera to create a new data type called Dynamic Vixels with integrated software definable feedback control loops. This enables the iDAR sensor to also dynamically assess and prioritize what’s most relevant in a scene, then process this data at the edge.
In performance specification tests monitored and validated by VSI Labs, one of the nation’s leading automated vehicle technology advisors, the iDAR system detected and tracked a truck at 1,000 meters, or one kilometer.