TLDR:
- Neural Propulsion Systems (NPS) raised $17.5M in Series B funding led by Cota Capital, GM Ventures, and RTX Ventures.
- NPS plans to use the funds to further develop its Atomic Sensing Platform for automotive radar technology.
Neural Propulsion Systems (NPS), a software-defined radar company based in Pleasanton, CA, recently completed a $17.5M Series B funding round. The funding was led by Cota Capital, with participation from GM Ventures and RTX Ventures. NPS, under the leadership of CEO and Founder Dr. Behrooz Rezvani, specializes in developing digital imaging radar technology. Their Atomic Norm Radar SW, a radar algorithm system, enhances radar resolution and precision, making it suitable for applications in the mobility and defense industries.
Dr. Behrooz Rezvani expressed his excitement about the potential of NPS’s radar technology, stating that it could potentially deliver performance enhancements over 10 times greater than current radar capabilities. This places NPS at the forefront of revolutionizing the $28 billion radar market. One of the key features of NPS’s radar software is its compatibility with all radar hardware, leading to improved performance of existing sensing platforms at a lower cost and with greater efficiency.
The funding will be utilized by NPS to further develop and apply its Atomic Sensing Platform to automotive radar technology. The company aims to continue pushing the boundaries of radar technology and providing innovative solutions for various industries. This Series B funding marks an important milestone for NPS as it continues to expand its presence and make significant strides in the radar market.
