Lunewave, a manufacturer of specialized, 3D-printed Luneburg lens antennas and radars, has raised $7 Million in Series A investment and added two automotive industry leaders to its board of directors. 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.
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. The 3D printed Luneburg lens is its third version in less than three years. It offers broad bandwidth, high gain, and the 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.
Lunewave's ability to drive down the cost of sensors required while increasing their effectiveness is great news for the auto industry, but it's even better news for the safety of highways, roads, and pedestrians. The firm is committed to driving both financial returns for investors, but also societal returns for communities.
- Lunewave, maker of proprietary Luneburg lens antenna and radar offering an alternative to more costly, less effective radar in use today, announces $7M in Series A investment led by FM Capital with support from Baidu, Proeza Ventures, Intact Ventures, Blue 9 Capital, Tsingyuan Ventures and others
- Two Lunewave sensors could replace up to 20 traditional automotive radar sensors while delivering longer distances, six times better resolution, and most critically, performance across a wide field of view.
- Auto industry veterans Peter Schwarzenbacher (BMW) and James Zizelman (Stoneridge, Aptiv) join Lunewave Board of Directors.
Lunewave is a company with a differentiated technology that provides a high-performance radar that meets and surpasses the ever-increasing requirements for the automotive industry as stricter safety features are needed to comply with regulations. Lunewave, with its savvy and technically strong team, really has an opportunity to penetrate this market because it provides a generational technology based on a paradigm-breaking concept that is vastly superior to current offerings at a time when the automotive industry is going through a transformation.
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.
Lunewave was selected as one of the winners of the 2020 PACE Pilot award by Automotive News. The company was also honored as Arizona Innovator of the Year by the governor's 2020 Celebration of Innovation Awards and was also recognized as one of the Top 100 Startups across the globe by EE Times.
Click here to learn more about the Luneburg Lenses.
Click here to learn more about the Luneburg Radar Sensors.
