Metawave Corporation, a Carlsbad, CA-based world leader in high-end sensing and perception solutions for terrestrial and aerospace mobility applications, secured $26M in convertible and debt financing.
A prelude to a forthcoming Series B funding, this interim financing will be used to deliver the Metawave MARCONI™ 77GHz and POLARIS™ 24GHz product lines – the mobility industry’s first beamformer chip and antenna module solutions to address the increased demands for long-range Aerial sensing and Advanced Driver Assist Systems (ADAS) to detect vehicles, motorcycles, pedestrians, and other objects at longer range with high resolution and accuracy.
Led by CEO and founder Maha Anchor, Metawave is advancing millimeter wave technologies that accelerate the transition to automated and fully autonomous ground and aerial vehicle operation meeting safety and emerging services goals. With its patented, high-resolution all-weather imaging SPEKTRA radar modules, and associated software stacks, Metawave is delivering the missing sensor with long-range sensing and perception based on novel machine learning and AI to automotive, tracking, trains, aerial and drone customers. Its SPEKTRA™ radar is an automotive analog beamsteering radar with resolution capable of distinguishing objects close to each other, in difficult driving scenarios and in all-weather conditions, making cars safer and smarter. Metawave TURBO™ active repeaters and KLONE™ passive reflectors enable faster and lower cost 5G deployments, bringing connectivity to billions of users both indoors and out.
To date, Metawave has raised over $60M in funding from financial and strategic investors.