Xavveo, a Berlin, Germany-based provider of solutions to enhance autonomous vehicle safety, raised €7.9m in funding.
Backers included Vsquared Ventures, and Imec.xpand.
The company intends to use the funds to grow its engineering team, expand its development efforts, and enable strategic partnerships with key players in the automotive and tech industries.
Founded by Dr. Sven Otte, Dr. Stefan Meister, abd Dr. Ulrich Keil, Xavveo leverages a network of photonic sensors to enable vehicles to drive autonomously. The company also provides factory automation solutions to streamline manufacturing processes, increase efficiency, and reduce costs, as well as healthcare solutions that utilize advanced radar sensors to monitor patients in real-time, providing accurate and timely data to healthcare professionals.
FinSMEs
07/11/2024