Lidwave, a company focusing on machine vision technology, recently announced that it has received US$10 million in financing, which will be used to promote the research, development and marketing of its revolutionary 4D LiDAR technology. Lidwave's 4D LiDAR technology integrates complex lidar sensors onto a single chip, significantly reducing costs and improving performance, especially in critical applications such as identifying pedestrians in busy environments. The editor of Downcodes will take you to have an in-depth understanding of Lidwave and its breakthrough technology.
Recently, Lidwave announced that it has successfully received US$10 million in financing, with the goal of improving the capabilities of machine vision, especially in key applications such as identifying pedestrians in busy environments.
Lidwave CEO Yehuda Vidal said in an interview that their innovative technology 4D LiDAR 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: The picture comes from Lidwa official website
This round of financing was led by Jumpspeed Ventures and Next Gear Ventures, and also received strategic investment from a well-known Swedish truck manufacturer. This funding will be used to further develop Lidwave's optical chips, launch the industry's first software-definable 4D LiDAR sensor, and expand its market influence.
Vidal said excitedly: "This investment is an important milestone in our journey towards the machine vision revolution. Our 4D LiDAR chips will set new sensor performance standards and bring advanced perception technology closer to the masses."
Speaking of LiDAR, it is a remote sensing technology that utilizes laser ranging and 3D modeling. Although LiDAR has broad application potential in areas such as autonomous driving and industrial automation, many industries have yet to take full advantage of this technology due to its high cost, complexity, and reliability issues. Traditional LiDAR systems require multiple components, and the manufacturing process is complex and expensive, resulting in the price of high-end LiDAR equipment often reaching thousands or even tens of thousands of dollars.
Lidwave is targeting the mass market and launching a new "LiDAR2.0" solution. The company uses unique limited coherence ranging (FCR) technology to integrate key components onto a single chip, thereby simplifying the production process and significantly reducing costs. This innovation not only improves the reliability of the equipment but also helps to increase its application possibilities in various industries.
Lidwave was founded in 2021 by Vidal, Yossi Kabessa and Uri Weiss. The company currently has less than 20 employees, and the team has more than 10 years of coherent optics expertise, which is enough to support their innovation in chip design. Vidal mentioned that 4D refers to time, which is the spatial data that captures moving objects, and this new sensor technology can also provide speed information while improving image clarity.
Lidwave hopes to work with leading manufacturers and suppliers to drive advancements in industrial automation and smart infrastructure to help improve safety and efficiency. Vidal emphasized: “We are providing a new solution and look forward to bringing this technology to a wider market.”
Highlight:
Lidwave successfully raised $10 million with the goal of improving machine vision technology, especially pedestrian recognition in busy environments.
The 4D LiDAR technology launched by the company integrates key components onto a single chip, reducing production costs.
Lidwave hopes to work with industry leaders to advance industrial automation and smart infrastructure, improving safety and efficiency.
All in all, Lidwave's 4D LiDAR technology has great market potential, and the financing it has received will further accelerate its technology development and market expansion, and is expected to promote changes in the field of machine vision. In the future, we can look forward to Lidwave bringing us more innovations and surprises.