TEL AVIV (Reuters) – Arbe, an israel-based provider of radar-sensing technology for the safety of the drivers and the autonomous vehicles, it said on Monday it raised $32 million in a private funding round, bringing in $55 million of the total raised-to-date.
A catalyst CELL, the BAIC Capital, the AI group of the Alliance of Hyundai and MissionBlue Capital, and previous investors Canaan ners Israel, iAngels, 360 Capital ners, the O. G. of Tech Ventures and OurCrowd participated in the round.
Arbe said that it will use the funding to move to full production of the radar-set.
The company said that the radar technology that makes it possible for very accurate sensing in all of the circumstances.
“Arbe offers an affordable sensor for mass deployment, which makes it possible for the Level 3 of autonomy and without lidar,” Arbe-CEO Kobi Marenko said.
Degree of autonomy, and not having to rely on an expensive laser detection system, known as lidar, has become a pursuit for the industry.
Reporting by Tova Cohen; Editing by Ari Rabinovitch