Wavesense Secures $15 Million To Accelerate Next Generation Adas And Autonomous Features With World’S Most Precise And Reliable Positioning System
Wavesense Secures $15 Million To Accelerate Next Generation Adas And Autonomous Features With World’S Most Precise And Reliable Positioning System
03/30/21, 10:03 AM
Location
somerville
Money raised
$15 million
WaveSense, the world’s only provider of Ground Positioning RadarTM (GPR) for precise vehicle localization, announced today it has raised $15 million. This round was led by top technology investors Rhapsody Venture Partners and Impossible Ventures.
Company Info
Location
somerville, pennsylvania, united states
Additional Info
WaveSense uses ground-penetrating radar (GPR) technology to create a map of
each road’s unique subsurface signatures, from which self-driving cars can
navigate. Vehicles using the WaveSense map are unaffected by common but
challenging road conditions like snow, heavy rain, fog, or poor lane
markings. Because WaveSense's solution is independent of dynamic
environments above the road, even in clear conditions it can improve
overall navigation by orders of magnitude when combined with existing
sensor suites.