Arbe raises $32 million to produce high-definition radar chipset for autonomous vehicles
Arbe announced the closing of $32 million in Round B funding from existing, new, and CVC investors Catalyst CEL, BAIC Capital, AI Alliance (Hyundai, Hanwha, SKT), and MissionBlue Capital, and from earlier investors Canaan Partners Israel, iAngels, 360 Capital Partners, O.G. Tech Ventures, and OurCrowd. Arbe will use the funding to move to full production of its radar chipset, which the company claims generates an image 100 times more detailed than any other solution on the market today.
With the new funding, Arbe says it 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. Arbe says its technology is the first to enable highly precise sensing in all environment conditions. The radar technology is designed to produce detailed images and separats, identify, and track hundreds of objects in high horizontal and vertical resolution to a long range in a wide field of view.
“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 truly meets the safety requirements of NCAP and ADAS for years ahead,” said Arbe CEO Kobi Marenko. “In fact, Arbe provides an affordable sensor for mass market implementation that enables Level 3 autonomy without requiring LiDAR.”
The technology developed by Arbe is designed to eliminate false alarms, process massive amounts of information generated by 4D imaging in real time, and mitigate mutual radar interference. By achieving high-resolution object separation in both azimuth and elevation, Arbe says its product supports safer and more accurate decisions for all levels of autonomous driving.