Lunewave a startup building new sensors to power autonomous vehicles and 5G wireless networks, announced that it has raised $5M in seed funding to develop its groundbreaking radar and antenna technologies. Fraser McCombs Capital (FMC) led the round of financing, which also included strategic investments from BMW i Ventures, Baidu Ventures and others.
Lunewave manufactures specialized Luneburg lens antennae and radar sensors that can act as the eyes of self-driving cars. The spherical sensors have a 360-degree field of view and can detect objects surrounding a car with high resolution, even at long range and in poor weather, capabilities that are normally only achievable with the use of multiple sensors. This offers automakers a low-cost, powerful alternative to more conventional sensor systems, which can accelerate the deployment of autonomous cars.