July 12, 2018 | Israeli high-resolution radar company Arbe Robotics announced Wednesday it has raised $10 million in additional capital. This brings the Tel Aviv startup’s total funding to $23 million to date. The company says the investment will help accelerate the company’s development of its next-generation imaging radar for the autonomous vehicle industry and help further its expansion in the US and Chinese automotive markets.
The round was led by European venture capital firm 360 Capital Partners and other participants including Canaan Partners Israel, iAngels, Maniv Mobility, OurCrowd, O.G. Tech Ventures, and Taya Ventures.
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Founded in 2015 by Kobi Marenko, Noam Arkind, and Oz Fixman, Arbe Robotics is said to be the world’s first company to demonstrate 4D high-resolution imaging radar.
“Since our initial funding round, our 4D high resolution radar has reached the resolution of optic sensors with the reliability and maturity of radar technology disrupting the automotive imaging sensor market,” said Kobi Marenko, co-founder and CEO of Arbe Robotics. “We are excited by the opportunity this additional funding provides, as we advance our R&D to develop new microchip sets this year and seek to support the entire family of System of Chip (SOCs) radar. This latest investment, combined with our relentless focus on cutting edge technology to provide an unmatched mobility solution, will enable us to broaden our market reach, particularly within the Chinese market.”