Arbe, a provider of next-generation 4D imaging radar chipset solutions for high-resolution sensing in autonomous vehicles, has closed a $32 million funding round from new and existing investors that include CEL, BAIC Capital, AI Alliance (Hyundai, Hanwha, SKT), and MissionBlue Capital, Canaan Partners Israel, iAngels, 360 Capital Partners, O.G. Tech Ventures, and OurCrowd. Arbe will use the funding to start production of its radar chipset solution that is capable of generating an image 100 times more detailed than any other solution on the market today.
With the new funding, Arbe will focus on expanding its team to support global Tier-1 customers in moving into full production of radar systems based on Arbe's radar development platform. The delivery of radars based on Arbe's proprietary chipset is a game-changer for the automotive industry, as Arbe's technology is the first to enable highly precise sensing in all environmental conditions. The unique radar technology produces detailed images; separates, identifies and tracks hundreds of objects in high horizontal and vertical resolution to a long-range in a wide field of view; enabling the OEMs to provide all-conditions, uncompromised safety to next-generation cars with an affordable sensor for mass-market implementation.
With the funds raised, Arbe will continue to deploy to the market a real breakthrough in radar technology that empowers Tier 1 automakers and OEMs to finally replace their legacy chipsets with one that meets the safety requirements of NCAP and ADAS for years ahead. In fact, Arbe provides an affordable sensor for mass-market implementation that enables Level 3 autonomy without requiring LiDAR. Their technology is an essential component in achieving a fully autonomous vehicle that drives in every environment and weather condition.
The technology developed by Arbe resolves some of today's most pressing radar challenges, which include eliminating false alarms, processing massive amounts of information generated by 4D imaging in real-time, and mitigating mutual radar interference. By achieving high-resolution object separation in both azimuth and elevation, Arbe supports safer and more accurate decisions for all levels of autonomous driving.
