The round, which brought total funding to date to $23m, was led by 360 Capital Partners, with participation from existing shareholders Canaan Partners Israel, iAngels, Manic Mobility, OurCrowd, O.G. Tech Ventures, and Taya Ventures.
The company intends to use the funds to expedite the development of its imaging radar for the autonomous vehicle industry, the expansion of its customer-facing US operations, and its presence in the Chinese automotive market.
Founded in 2015 by Kobi Marenko, CEO, Arbe Robotics is building the future car’s eyes and brain using a ultra high-resolution 4D imaging radar, enabling cars to “see” the environment in any weather and any lighting condition, to long, mid and short ranges. Its radar detects cars, motorcycles, bikes, and most importantly humans.
Arbe’s radar, based on proprietary chipsets, is a next generation of safety products for ADAS and autonomous driving.
The company has business development and customer service locations in China and the United States.
FinSMEs
11/07/2018