Oculii, a Dayton, OH-based maker of high-resolution commercial imaging 4D radar, raised $55M in Series B funding.
The round, which brought total funding amount to $75m, was co-led by Catapult Ventures and Conductive Ventures, with participation from Taiwania Capital, Susquehanna Investment Group (SIG), HELLA Ventures, PHI-Zoyi Capital, R7 Partners, VectoIQ, ACVC Partners, Mesh Ventures, SV Tech Ventures, Schox Ventures, and Signature Bank.
The company intends to use the funds to scale and deliver on demand of Tier-1’s and OEMs globally.
Led by CEO and Co-founder Steven Hong, Oculii is creating a next-generation AI software platform for radar perception to power autonomous vehicles, whose promise depends on high-performance, all-weather, low-cost, and scalable perception technology.
The new funding follows Oculii’s launch of high-resolution radars, the EAGLE and FALCON. The two products, powered by Oculii’s AI-powered Virtual Aperture Imaging™ (VAI) software, offer resolution and performance for autonomous systems and are already being used in commercial deployments by some of the world’s leading autonomous robotic companies.
FinSMEs
23/05/2021