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Oculii Raises $55 Million Series B to Accelerate the Future of Autonomy with AI-Powered Radar Maker of world s highest-resolution commercial imaging 4D radar will leverage new funding to scale and deliver on the insatiable demands of Tier-1 s and OEMs globally DAYTON, Ohio, May 06, 2021, the leading provider of advanced AI software for radar perception, today announced a $55 million Series B funding round. 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 round of financing brings Oculii s total funding amount to $75M. ....
Oculii looks to supercharge radar for autonomy with $55M round B Autonomous vehicles rely on many sensors to perceive the world around them, and while cameras and lidar get a lot of the attention, good old radar is an important piece of the puzzle though it has some fundamental limitations. Oculii, which just raised a $55M round, aims to minimize those limitations and make radar more capable with a smart software layer for existing devices and sell its own as well. Radar’s advantages lie in its superior range, and in the fact that its radio frequency beams can pass through things like raindrops, snow, and fog making it crucial for perceiving the environment during inclement weather. Lidar and ordinary visible light cameras can be totally flummoxed by these common events, so it’s necessary to have a backup. ....