Uhnder, an Austin, Texas-based digital perception company, closed a $45m Series C funding.
The round was led by Uhnder’s newest customer and partner, Sensata Technologies, with participation from new and existing investors. Sensata intends to use Uhnder’s digital imaging radar chip in applications for markets where they are a key supplier, including mining, agriculture, aerospace, and construction.
Launched in 2015 by Manju Hegde and Curtis Davis, Uhnder is providing digital 4D software defined imaging radar technology that provides higher performance compared to today’s analog radar technology, this marking a meaningful advancement for the autonomous vehicles industry in particular, with improved resolution and detection capabilities that lead to increased safety of people, roads and cities.
In total, the company has raised over $145m in financing from Magna, Khosla Ventures, Sands Capital Ventures, ACME Capital, Lockheed Martin, SAIC, and new investors EDOM, TDK Ventures and Qualcomm Ventures.
FinSMEs
15/12/2020