TLDR:
– Neural Propulsion Systems (NPS) secures a $17.5 million Series B funding led by Cota Capital.
– The investment will be used to further develop NPS’s Atomic Sensing Platform for automotive radar technology.
NPS Completes $17.5M Series B Funding for Software-Defined Radar
Neural Propulsion Systems (NPS), a pioneer in software-defined radar, has completed a $17.5 million Series B funding round led by Cota Capital, with key strategic investments from GM Ventures and RTX Ventures. This collaboration aims to enhance roadway safety and defense radar systems.
NPS’s software redefines defense and automotive radar by achieving performance limits for next-generation sensing solutions with unmatched resolution, clarity, and range. The company will utilize the investment to further advance its award-winning Atomic Sensing Platform for automotive radar technology, providing enhanced resolution and precision.
Dr. Behrooz Rezvani, Founder and CEO of NPS, expressed the value of the investment in their radar technology, which can potentially offer performance enhancements over 10 times greater than current radar capabilities. The NPS software-defined radar achieves near maximum likelihood performance in detection, enabling clearer and earlier detection.
The investment reflects the commitment of Cota Capital and RTX Ventures to innovative radar technology. NPS’s technology is poised to assist companies in meeting new safety standards, such as those proposed by the National Highway Traffic Safety Administration, which aim to reduce roadway fatalities through enhanced sensor technologies.
The Atomic Sensing Platform powered by the patented Atomic Norm Tensor Processing Software transforms how sensor data is processed and understood, achieving disruptively high resolution, precision, and reliability. NPS’s radar software solves industry-level challenges and opens the door for the future of ADAS, autonomous driving, and aerospace and defense systems.
In conclusion, NPS’s completion of the $17.5 million Series B funding signifies a significant advancement in radar technology, paving the way for improved safety and performance in automotive and defense applications.
