Metawave Corporation, a start-up revolutionizing the future of radar sensing for highly automated driving and wireless solutions for 5G deployments, closed its initial Series A funding, the company said.
DENSO, the world´s second largest mobility supplier, led the round. Other investors include Mirae Asset Capital, NTT DOCOMO Ventures and existing investors including BOLD Capital Partners.
Metawave´s Series A round is augmented by NTT DOCOMO Venture´s inclusion, a global provider of 5G, an important addition given Metawave´s 5G technology innovation — Metawave ECHO™ and TURBO™ to bend and boost mm-wave signals for a more efficient and convenient way to increase 5G coverage. Metawave´s initial seed round of USD 17 million included financial support from giants in the automotive market, including DENSO, Toyota, Hyundai, Infineon, and others.
Metawave is delivering SPEKTRA™ – the first advanced analog beamsteering radar system capable of distinguishing between objects in difficult driving scenarios and in all-weather conditions, making cars safer and smarter. Using similar beamforming technology, Metawave is also developing its state-of-the-art cellular systems, TURBO™ active repeaters and ECHO™ passive reflectors to enable faster, more efficient 5G and fixed wireless deployments to bring high-speed connectivity to billions of users as they connect indoors and outdoors around the world. Visit Metawave at www.metawave.co.