Echodyne, $ 29 million to put its radars in drones and autonomous cars

by bold-lichterman

  • Echodyne is developing a miniaturized radar system for drones and autonomous cars.
  • Bill Gates is among the investors of the American start-up.
  • With this new investment, Echodyne plans to accelerate the development of its radar and increase its production rate.

The amount

The American start-up Echodyne, which is developing a miniaturized radar system for drones and self-driving cars, has completed a $ 29 million funding round led by New Enterprise Associates. Bill Gates, Lux Capital, Madrona Venture Group, The Kresge Foundation and Vulcan Capital also participated in the transaction. In December 2014, the young shoot had raised $ 15 million, already from the founder of Microsoft.

The market

Founded in 2014 by Eben Frankenberg and Tom Driscoll, Echodyne has designed a compact and fairly lightweight radar system that can be carried aboard drones for commercial purposes, such as inspecting power lines or operating farmland. from the American start-up is also an alternative to LiDAR sensors, widely used in autonomous cars to detect vehicles, pedestrians, cyclists and any other obstacle around the car. And for good reason, the effectiveness of LiDAR sensors depends on the weather. Their environmental analysis may be wrong in fog or on dusty roads.

Echodyne’s technology is based on the science of metamaterials to make technological components interact in a different way with light or sound waves. Radars create a cloud of points and images that can be analyzed using artificial intelligence to identify and understand what is happening in any type of environment. Thus, radars are designed to bring the power and precision of heavy and imposing radars into a miniaturized device.

The objectives of the Start-up

With this new investment, Echodyne plans to accelerate the development of its radar and increase its production rate. At the same time, the company plans to use part of this funding to develop a software platform that works with radars to collect and analyze the data resulting from their use.

Founders: Eben Frankenberg and Tom Driscoll

Creation: 2014

The head office : Bellevue (Washington)

Activity: miniaturized radar system for drones and autonomous cars

Funding: $ 29 million raised in May 2017