List of domestic and foreign millimeter wave radar companies’ financing

 Domestic millimeter-wave radar will usher in a wave of concentrated financing

Most of the first batch of Chinese millimeter wave radar startups were established in 2014-2016. The team often has a background in scientific research, military industry, or suppliers who changed jobs and started their own businesses. For example, the overseas returnees: Sensortech, Hangzhou Zhibo. The research institutes: Xingyidao, Nanjing Falcon Eye, Suzhou Anzhi, Suzhou Haomibo. The industrial transformation: Shenzhen Anzhijie, Shenzhen Chengtai, Hunan Naray. There are also Yileida, Muniu, Raybotek, Shenzhen Zhuoying.

The following are some of the millimeter-wave radar-related companies at home and abroad that have recently received financing:

Falcon Eye Technology obtains Series A financing

GPLP Rhino Finance reported on April 17: Chinese autonomous driving technology company Falcon Eye Technology received Series A financing from Dutch chip manufacturer NXP Semiconductors. Falcon Eye Technology focuses on the research and application of 76~81GHz automotive millimeter wave radar technology, develops automotive active safety driving information systems and automotive assisted autonomous driving systems, and provides safe and reliable automotive safety assistance to car owners around the world.

Shi Xuesong, CEO of Falcon Eye Technology, told Autothings that after this round of investment, Falcon Eye Technology will continue to operate independently, but will rarely launch independent millimeter-wave radar products, and will focus specifically on millimeter-wave radar design consulting and engineering services.

Liu Fang, general manager of NXP's automotive electronics business in Greater China, said that currently, automobile companies' technological innovation mostly relies on traditional Tier 1 giants, but the latter are unable to meet the increasingly flexible and personalized needs of automobile companies, which has become an obstacle to these automobile companies' launch of new products.

This investment cooperation demonstrates NXP's desire to empower emerging automakers, Tier 1, and millimeter-wave radar companies.

Anda Technology obtains Series A financing

On February 28, Hangzhou Anda Technology held a product launch conference for the world's first 77GHz CMOS millimeter-wave radar chip based on phased array architecture. At the conference, Anda Technology successively released the 16-transmit 16-receive phased array architecture 77GHz CMOS millimeter-wave radar chip "ADT2001" and the 2-transmit 2-receive millimeter-wave radar chip "ADT1002".

Hangzhou Anda Technology was founded in 2016 and has been committed to the development of 77GHz CMOS automotive millimeter-wave radar chips, providing leading millimeter-wave radar solutions for automotive ADAS, autonomous driving and drones, security, intelligent transportation and other fields. Tianyancha shows that Anda Technology received angel round and A round financing in 2017 and 2018 respectively.

Currently, the total value of semiconductor components in a car is around $400 on average. In the next 10-15 years, with the development of technologies such as autonomous driving and vehicle networking, this figure will rise to $1,200.

Among them, semiconductors related to autonomous driving will account for one-third, or $400. Of the $400, about $100 is AI chips, i.e. computing units, and the rest is semiconductor components in sensors such as lidar, millimeter-wave radar, and cameras.

Anzhi Auto completes A+ round of financing of tens of millions of yuan

4 月 15 日消息，安智汽车完成数千万元的 A+轮融资，由乾融资本独家投资。本轮融资将主要用于 ADAS 产品的量产落地、更高阶智能驾驶产品的技术研发。

The company received an angel round of financing of RMB 5 million from Zhejiang Asia Pacific Mechanical & Electrical in December 2015, and a round A financing of tens of millions of yuan from Shanghai Internet of Things Venture Capital Fund and Taiwan Huacheng Capital in August 2017.

Founded in January 2015, ANZ Automotive mainly develops ADAS intelligent driving assistance systems and integrated hardware and software solutions for autonomous driving systems. It has independently developed a 77GHz millimeter-wave radar and multi-function vision system with comprehensive intellectual property rights, and built an ADAS driving assistance system that better understands China's road conditions.

It is reported that the system simulates the perception and prediction of the surrounding environment by the human eye, the decision-making and planning by the human brain, and the motion control by the human hands and feet to assist the driver in driving in complex road environments. The company's products have successfully obtained intention orders from many domestic vehicle companies, and it is a pioneer in the mass production of domestic ADAS system products.

"Mozhibi" has completed a new round of financing and its products have been mass-produced

Pencil Road has exclusively learned that automotive millimeter-wave radar developer "Mozhibi" has completed a new round of financing. According to official website data, as early as October 2018, the company had completed tens of millions of yuan in round A financing.

According to the data from "Qichacha", the industrial and commercial information of "Mozhibi" changed on January 16, 2019. The three newly added shareholders are Changsha Lugu High-tech Mobile Internet Venture Capital Co., Ltd., Changsha Xiaoxiang Zhijie Private Equity Fund Partnership (Limited Partnership), and Chongqing Qingyan Huaye Equity Investment Fund Partnership (Limited Partnership).

Changsha Mozhibi Intelligent Technology Co., Ltd. is a high-tech enterprise specializing in the research and development, production and sales of intelligent application products of millimeter-wave radar sensors. Chairman Chen Haowen is a doctor from the National University of Defense Technology and a member of the Institute of Electrical and Electronics Engineers of the United States. He has published more than 50 academic papers in journals such as EEE and IET, and more than 25 papers have been retrieved by SCI.

At present, the company has developed 7 radar and video fusion series products, which are used in many fields such as automotive ADAS, drone obstacle avoidance, smart parking, traffic detection, ship obstacle avoidance, security monitoring, etc., and are being shipped in batches.

In the next step, the company will keep close to market demand, continue to strengthen research and development, polish products, improve quality, build independent intellectual property barriers, give full play to core technological advantages, strengthen product mass production capabilities, and expand the millimeter-wave radar market share.

Lunewave completes $5 million angel round of financing

A startup that provides new sensor technology for autonomous vehicles has recently received investment from many industry giants such as BMW and Baidu. It has just completed a $5 million angel round of financing, which will help the startup named Lunewave accelerate the market launch of a new millimeter-wave radar based on the Luneburg antenna concept.

This concept dates back to the 1940s, and uses 3D printing technology to create a new technical architecture that enables radar antennas to detect a wider range and better accuracy. John believes that due to the unique characteristics of the Luneburg antenna, more objects can be detected over a wider field of view and at a longer distance than existing sensors.

Imagine the antenna as a giant golf ball with a 360-degree field of view. Due to the distance limitation of laser technology, it can detect objects farther away than existing lidar technology. "In bad weather conditions, the penetration of shorter wavelengths will be very difficult, which is the biggest shortcoming of mass production of lidar now." Hao Xin said that millimeter-wave radar has the ability to work in all weather conditions.

Xingyidao announced the completion of a 10 million yuan round of financing

Ms. Zhao Jie, CEO of Beijing Xingyidao Technology Co., Ltd., revealed that this round of capital was led by Guoke Jiahe Capital, followed by Pangu Capital. Currently, Xingyidao is discussing with domestic mainstream vehicle manufacturers to promote the development and progress of advanced autonomous driving technology, and will carry out in-depth cooperation with the world's leading semiconductor suppliers to lead the new development of automotive radar.

With the help of capital, the development of Xingyidao will be more stable and its product layout will be more comprehensive. Xingyidao Technology has formed strategic partnerships with many world-class and domestic first-tier OEMs and Tier 1 companies. Its products support the advanced functions of ADAS (Automatic Driving Assistance System) for passenger cars and commercial vehicles, and have realized ADAS system functions including FCW (Forward Collision Warning), ACC (Adaptive Cruise Control) and AEB (Automatic Emergency Braking), creating a safer and more comfortable travel environment for travelers.

Muniu Technology's millimeter-wave radar receives investment from Legend Capital

"Muniu Technology" is a radar sensing and intelligent processing system solution provider, focusing on core technologies such as millimeter-wave radar, IC, high-performance processing and control, and providing sensing and intelligent control solutions for application areas such as drones, automobiles, security and smart homes.

After nearly three years of accumulation and development, Muniu Technology has established a top technology and marketing team across China and the United States, and has achieved the implementation of products in multiple industries and applications. Its products and technical solutions have been adopted by more than 200 customers around the world. Muniu Technology has already shipped in batches. In January 2018, Muniu Technology completed a round of financing with Legend Capital as the investor, entering the fast lane of development.