Wednesday, November 21, 2018

Aeye LiDAR Shows 1000m Track Detection, Raises $40m

Techchrunch, Optics.org, VentureBeat: AEye raises a $40m in Series B. round led by Taiwania Capital, the investment firm created and backed by Taiwan’s National Development Council, and includes returning investors Kleiner Perkins, Intel Capital, Airbus Ventures and Tychee Partners.

This brings the LiDAR startup’s total funding to about $61m. In the announcement, founder and CEO Luis Dussan said Taiwania’s investment is a strategic one and will give AEye more access to manufacturing, logistics and tech resources in Asia. AEye also plans to launch a new product at CES in January.

In tests monitored and validated by VSI Labs, a research company that focuses on autonomous-vehicle technology, AEye said that its iDAR sensor, which combines a solid-state lidar and high-resolution camera in one device, was able to detect and track a white color moving truck from one kilometer away. AEye claims that this is four to five times the distance other current lidar systems can detect.

In a press statement, AEye chief of staff Blair LaCorte said the company believes iDAR can potentially track moving objects, including trucks and drones, from 5km to 10km away.

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