Lunewave, manufacturer of the proprietary, 3D-printed Luneburg lens antennae and radar, has announced $7M in Series A investment and the addition of two automotive industry leaders to its board of directors. The Luneburg lens antenna and radar is an alternative to more costly, less effective radar sensors in use today.
The 3D printed Luneburg lens – now its third version in less than three years – offers broad bandwidth, high gain and capability of forming multiple high-quality beams in all directions. Two Lunewave radar sensors could replace 20 radar sensors used today, while providing greater resolution and performance across a wide field-of-view.
FM Capital led the investment round with new investors including Proeza Ventures, Blue 9 Capital, Tsingyuan Ventures and Intact Ventures. Lunewave is also funded through National Science Foundation grants.
"As we continue to actively work with Tier 1 suppliers to establish strategic partnerships to jointly deliver a mass-produced Lunewave radar sensor, I am grateful for the strong support from FM Capital and our other investors ," said John Xin, Lunewave co-founder and CEO. "Lunewave offers a significant enhancement for ADAS and autonomous vehicle applications for automakers and ride-hailing companies as well as the last-mile delivery, commercial trucking and construction industries.”
See also: South Korean radar startup raises funds
Lunewave radar offers a 180-degree field of view in the azimuth (horizontal) plane and can detect objects surrounding a car with six times the resolution available today, even at long range and in poor weather, capabilities that are normally only achievable with multiple sensors.
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