Source: Reuters
TEL AVIV – Arbe, an Israeli provider of radar sensing technology for driver safety and autonomous vehicles, recently announced it raised $32 million in a private funding round, bringing to $55 million the total it has raised to date.
Catalyst CEL, BAIC Capital, AI Alliance that includes Hyundai and MissionBlue Capital, and earlier investors Canaan Partners Israel, iAngels, 360 Capital Partners, O.G. Tech Ventures, and OurCrowd participated in the round.
Arbe said it will use the funding to move to full production of its radar chipset.
The company said its radar technology enables highly precise sensing in all environment conditions.
According to Arbe, its Phoenix High-density Antenna is able to detect both small objects like pedestrians, bicycles, and motorcycles, and large objects like vehicles of all sizes, as well as stationary objects like guardrails, road obstacles and parked cars, whether in daylight or darkness and in rain, fog, or snow.
According to Arbe CEO Kobi Marenko, the Phoenix radar system is a vital addition to the sensor suite that vehicles with high standard of safety require.
“OEMs today are challenged to meet stricter safety standards set by the New Car Assessment Program, and they’ll need to raise their ADAS levels without compromising safety,” he said. “This opens the door to new revenue-generating features like autonomous emergency steering and braking, adaptive cruise control with autonomous lane changes, and, most importantly, pedestrian and cyclist safety. Our imaging radar is the first in the industry to address all of these concerns—and with a revolution in the false alarms rate, a major concern for automakers.
“Arbe provides an affordable sensor for mass market implementation that enables Level 3 autonomy without requiring lidar.
Autonomy, without relying on the expensive laser detection system known as lidar, has become a quest for the industry.
