Phiar Technologies, a Redwood City CA-based company focused on AI-powered Augmented Reality navigation for driving, raised $12M in Series A funding.
The round was led by State Farm Ventures with participation from Cambridge Mobile Telematics and Telenav, and previous investors Norwest Venture Partners, The Venture Reality Fund, and GFR Fund.
The company intends to use the funds to accelerate its business with OEMs and Tier-1 partners in the automotive industry.
Led by Gene Karshenboym, CEO, and Founder Chen-Ping Yu, CTO and Chairman of the Board, Phiar Technologies is an ultra-lightweight computer vision AI company and leader in augmented reality driving navigation technology for the automotive industry. It combines its patented innovations in deep learning AI and AR into a new form of driving navigation platform to enhance safety, facilitate more intuitive way finding and connect drivers with their surrounding environments. Phiar is bringing perception and intelligence to automotive navigation. Through its advanced and lightweight Spatial-AI Engine and Mobility AR Engine, it enables vehicles to understand the environment better in real-time for intelligent navigation, smart parking, HD mapping, vision-based live road detections, traffic conditions and more. The company is utilizing modern automotive chipsets including Qualcomm Snapdragon, and is working closely with major automotive OEMs such as Nissan; global tier-1 suppliers including Panasonic Automotive and Bosch, leading maps and navigation vendors such as TomTom and HERE.
FinSMEs
29/09/2021
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About Phiar Technologies
Founded in 2017, Phiar Technologies is an ultra-lightweight computer vision AI company and emerging leader in augmented reality driving navigation technology for the automotive industry. Phiar combines its patented innovations in deep learning AI and AR into a new form of driving navigation platform to enhance safety, facilitate more intuitive wayfinding and connect drivers with their surrounding environments. Phiar is based in Redwood City, California, with investor backing from State Farm Ventures, Norwest Venture Partners, The Venture Reality Fund, GFR Fund, Cambridge Mobile Telematics, Telenav, Anorak Ventures, Mayfield Fund, Zeno Ventures, Cross Culture Ventures, Y Combinator, Innolinks Ventures and Half Court Ventures. For more information, visit www.phiar.net.
Contacts
Kate Pietrelli
[email protected]
+1 760-518-2633