Neural Propulsion Systems (NPS), a Pleasanton, CA-based software-defined radar firm, raised $17.5M in Sequence B funding.
The spherical was led by Cota Capital with participation from GM Ventures, the enterprise capital arm of Basic Motors Co. (NYSE: GM), and RTX Ventures, the enterprise capital arm of RTX (NYSE: RTX).
The corporate intends to make use of the funds to additional develop and apply its Atomic Sensing Platform to automotive radar expertise.
Led by CEO and Founder Dr. Behrooz Rezvani, NPS develops digital imaging radar expertise. Based mostly on a radar algorithm system able to operating on a mess of {hardware} platforms, its Atomic Norm Radar SW offers enhanced, dependable radar decision and precision, enabling purposes within the mobility and protection industries.
Commenting on the information, Behrooz Rezvani stated: “By harnessing the potential of our newly developed radar expertise, we will probably obtain efficiency enhancements which are over 10 instances higher than present radar capabilities, placing us on the forefront of revolutionizing the $28 billion radar market. Our radar software program works with all radar {hardware} and considerably improves the efficiency of current sensing platforms with decrease value and extra effectivity.“
FinSMEs
08/03/2024
