Oculii, a provider of advanced AI software for radar perception, has announced a $55 million Series B funding round. The new round of financing brings Oculii’s total funding amount to $75M.
The round was co-led by Catapult Ventures and Conductive Ventures, with participation from Taiwania Capital, Susquehanna Investment Group (SIG), HELLA Ventures, PHI-Zoyi Capital, R7 Partners, VectoIQ, ACVC Partners, Mesh Ventures, SV Tech Ventures, Schox Ventures, and Signature Bank.
“The new funding comes on the heels of Oculii’s launch of the world’s highest-resolution radars, the EAGLE and FALCON. The two products, powered by Oculii’s AI-powered Virtual Aperture Imaging™ (VAI) software, offer unparalleled resolution and performance for autonomous systems and are already being used in commercial deployments by some of the world’s leading autonomous robotic companies,” the company said in a statement.
It added, “Oculii’s AI-powered Virtual Aperture Imaging™ (VAI) software platform redefines radar performance, enabling up to a 100X increase in resolution on any radar hardware platform – enabling high performance, all-weather perception using existing radar sensors that are market-proven and widely deployed. Oculii’s AI software technology has been licensed by some of the world’s leading automotive radar Tier-1’s and OEMs, providing them with a scalable solution that significantly enhances commercial automotive Advanced Driver Assistance Systems (ADAS) today, and unlocks fully autonomous driving in the future.”
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