logo
logo

Wavesense Secures $15 Million To Accelerate Next Generation Adas And Autonomous Features With World’S Most Precise And Reliable Positioning System

Mar 30, 2021over 4 years ago

Amount Raised

$15 Million

Somerville

Description

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 Information

Company

Wave Sense

Location

Somerville, Pennsylvania, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech