Oculii, a manufacturer of high-resolution commercial imaging 4D radar with headquarters in Dayton, Ohio, raised $55M in Series B funding.
Co-led by Catapult Ventures and Conductive Ventures, the round brought the total funding amount to $75 million. Other investors included Taiwania Capital, Susquehanna Investment Group (SIG), HELLA Ventures, PHI-Zoyi Capital, R7 Partners, VectoIQ, ACVC Partners, Mesh Ventures, SV Tech Ventures, Schox Ventures, and Signature Bank.
The company plans to use the money to expand and meet worldwide Tier-1 and OEM demand.
The promise of autonomous vehicles rests on high-performance, all-weather, low-cost, and scalable perception technology, which is being developed by Oculii under the leadership of CEO and Co-Founder Steven Hong.
The debut of high-resolution radars, the EAGLE and FALCON, by Oculii was followed by the increased financing. The two solutions provide resolution and performance for autonomous systems and are already being utilized in commercial deployments by some of the top autonomous robotic businesses in the world. They are powered by Oculii’s AI-based Virtual Aperture ImagingTM (VAI) software.