By Jane Lanhee Lee
(Reuters) – Oculii, a startup that makes software to boost the resolution of radars for use in self-driving cars, said on Thursday it raised $55 million in its latest funding round.
Radars are already widely used in cars to assist with emergency braking, blindspot detection, and parking-assist systems, but the low resolution of the image limits its usage, said Steven Hong, CEO of the Dayton, Ohio startup.
The artificial intelligence software Oculii has developed can boost the radar resolution by 100 times, Hong said. The picture created by the software and shown to Reuters looked similar to images and maps created using lidars, a laser sensor used in self-driving cars.
“Our particular approach is building on existing market-proven hardware that’s been deployed very low-cost,” said Hong. “With the software, it’s able to achieve lidar-like resolutions, quickly improving and scaling to one day exceed the performance of these lidar sensors.”…………….
Read the article → Oculii, radar software maker for autonomous vehicles, raises $55 million
Read More ↓↓↓
Oculii, radar software maker for autonomous vehicles, raises $55 million
Oculii raises $55 million for its AI-powered radar software
Oculii looks to supercharge radar for autonomy with $55M round B
Oculii raises $55 million series B to accelerate the future of autonomy with AI-powered radar
