Recently, Lidwave announced the successful acquisition of $10 million in funding, aiming to enhance machine vision capabilities, especially in critical applications such as pedestrian recognition in busy environments.
Lidwave's CEO, Yehuda Vidal, stated in an interview that their innovative 4D LiDAR technology integrates complex LiDAR sensors onto a single chip. This is not only a technological revolution but also helps reduce costs and expand the market.
Note: Image from Lidwa's official website
This round of funding was led by Jumpspeed Ventures and Next Gear Ventures, with strategic investment from a renowned Swedish truck manufacturer. This capital will be used to further develop Lidwave's optical chip, launch the industry's first software-defined 4D LiDAR sensor, and expand its market influence.
Vidal excitedly said: "This investment is a significant milestone in our journey towards a machine vision revolution. Our 4D LiDAR chip will set new standards for sensor performance, bringing advanced perception technology closer to the masses."
When it comes to LiDAR, it is a remote sensing technology that uses laser ranging and 3D modeling. Although LiDAR has wide application potential in areas such as autonomous driving and industrial automation, its high cost, complexity, and reliability issues have prevented many industries from fully utilizing this technology. Traditional LiDAR systems require multiple components, making the manufacturing process complex and expensive, often resulting in high-end LiDAR equipment priced at thousands or even tens of thousands of dollars.
Lidwave, however, targets the mass market with a new "LiDAR 2.0" solution. The company uses unique Finite Coherence Ranging (FCR) technology to integrate key components onto a single chip, simplifying the production process and significantly reducing costs. This innovation not only enhances the reliability of the equipment but also increases its application possibilities across various industries.
Founded in 2021 by Vidal, Yossi Kabessa, and Uri Weiss, Lidwave currently has a team of fewer than 20 employees, with over a decade of coherent optical expertise, sufficient to support their innovations in chip design. Vidal mentioned that "4D" refers to time, capturing spatial data of moving objects, and this new sensor technology improves image clarity while also providing speed information.
Lidwave hopes to collaborate with leading manufacturers and suppliers to drive advancements in industrial automation and smart infrastructure, enhancing safety and efficiency. Vidal emphasized: "We are providing a new solution and look forward to bringing this technology to a broader market."
Key Points:
🌟 Lidwave has successfully raised $10 million in funding, aiming to enhance machine vision technology, especially in pedestrian recognition in busy environments.
🔧 The company's 4D LiDAR technology integrates key components onto a single chip, reducing production costs.
🚀 Lidwave hopes to collaborate with industry leaders to drive advancements in industrial automation and smart infrastructure, enhancing safety and efficiency.
