Neural Propulsion Systems (NPS), a Pleasanton, CA-based provider of a digital imaging radar technology, received a strategic investment in Series B funding from RTX Ventures, the venture capital arm of Raytheon Technologies (NYSE: RTX).
The amount of the deal was not disclosed.
The company intends to use the funds to develop radar technology able to provide better resolution and greater range for mobility and defense applications.
Founded in 2018 and led by Dr. Behrooz Rezvani, founder and CEO, NPS develops digital imaging radar technology based on a radar algorithm system running on graphical processor units (GPUs). By leveraging its AtomicSense platform, which achieves radar performance that reaches the information-theoretic limits of what is mathematically possible, the company enables advanced applications in the mobility and defense industries, such as advanced driver assistance systems (ADAS), autonomous driving, and next-generation aerospace and defense systems.
FinSMEs
03/03/2023