Lidwave, a company specializing in machine vision, has secured $10 million in funding to enhance its 4D LiDAR technology.
Lidwave's 4D LiDAR technology aims to simplify traditional LiDAR systems by integrating multiple components onto a single chip, reducing production costs and improving accessibility.
The company's approach, known as LiDAR 2.0, utilizes Finite Coherent Ranging (FCR) technology to overcome the high costs and complexity associated with legacy systems.
The applications of Lidwave's 4D LiDAR technology are vast, including self-driving cars, smart cities, and industrial automation.
With their optical chip and software-definable 4D LiDAR sensor, Lidwave aims to make sophisticated LiDAR technology accessible to a broader market and play a pivotal role in shaping the future of autonomous systems.
Lidwave recently secured $10 million in funding, led by Jumpspeed Ventures and Next Gear Ventures, with participation from a prominent Swedish truck manufacturer and other strategic investors.
This funding will be used to further develop their optical chip and launch the industry's first software-definable 4D LiDAR sensor.
Lidwave sets itself apart from competitors through its focus on coherent optics and the integration of multiple components onto a single chip, which streamlines production and enhances performance.
The company aims to establish new partnerships to scale production and extend its technology into new fields.