Arbe Robotics has announced it has raised $10 million in additional capital. The company is known for its 4D high-resolution imaging radar.
According to the Press Release by the company the investment will be used to expedite the development of its next-generation imaging radar for the autonomous vehicle industry, the expansion of its customer-facing US operations, and enhanced focus on expanding its presence in the Chinese automotive market. This investment brings Arbe Robotics’ total funding to date to $23 million.
The $10 million investment was led by 360 Capital Partners, a European venture capital firm with significant investments and experience in the global automotive space. Arbe’s existing shareholders – Canaan Partners Israel, iAngels, Manic Mobility, OurCrowd, O.G. Tech Ventures the VC arm of Eyal Ofer and Taya Ventures – also participated in the funding, illustrating their continued confidence in Arbe Robotics’ future development.
Arbe Robotics’ proprietary, patented, radar processing method is a full-stack 4D imaging system, which provides a cost-effective, long-range, high-resolution radar solution, providing improved products for level 2 automation at a lower cost, enabling level 3 automation as well as level 4 and 5 fully autonomous driving for the automotive industry.
The Company’s platform implements two advanced technologies to create a full, comprehensive sensing solution for vehicle autonomy: ultra-high-resolution radar and Simultaneous Localization and Mapping (SLAM).