TLDR:
- Neural Propulsion Systems (NPS) raised $17.5 million in Series B funding led by Cota Capital, GM Ventures, and RTX Ventures.
- NPS will use the funding to advance its Atomic Sensing Platform for automotive radar technology.
Neural Propulsion Systems (NPS), a software-defined radar company, announced that it has raised $17.5 million in a Series B funding round. The funding was led by Cota Capital, with contributions from GM Ventures and RTX Ventures. This investment will help NPS enhance roadway safety and defense radar systems by advancing its Atomic Sensing Platform for automotive radar technology. The platform offers improved radar resolution and precision through the use of a new mathematical framework known as the Atomic Norm (AN), allowing for clearer and earlier detection.
The NPS software-defined radar (SDR) achieves maximum likelihood performance in detection, approaching the theoretical limits of existing radar sensors. This technological advancement is particularly relevant given the National Highway Traffic Safety Administration’s proposed rule changes to reduce roadway fatalities through stricter regulations on automatic emergency braking (AEB) and pedestrian AEB (PAEB). NPS’s technology is poised to help companies and suppliers meet these new standards with more reliable sensors.
Key quotes from the article include statements from Dr. Behrooz Rezvani, the Founder and CEO of NPS, highlighting the potential performance enhancements of the radar technology, and from Bobby Yazdani of Cota Capital and Dan Ateya of RTX Ventures recognizing the impact of NPS’s innovation in mobility and defense systems. This investment underscores the commitment to groundbreaking technology and the potential for NPS to revolutionize the $28 billion radar market.
