TLDR:
- Uhnder, based in Austin, TX, raised $50M in Series D funding.
- The funding round was led by ACME Capital and included participation from Magna, Qualcomm Ventures, and others.
Uhnder, a provider of commercial digital radar chips and software, recently announced that they have secured $50M in Series D funding. The funding round was led by ACME Capital, with other investors including Magna, Qualcomm Ventures, El Camino Capital, Monta Vista Capital, Sagitta Ventures, and HT Capital. The company, founded in 2015, plans to use the funds to expand its market presence in the automotive, industrial, and defense sectors.
Uhnder is known for its innovative solutions that encompass a wide range of applications, from safety to convenience. The company’s unique technology aims to improve accuracy in measurements, particularly in azimuth and elevation, which will be crucial for advanced driver-assistance systems (ADAS) and autonomous driving. With over 200,000 next-gen digital radar chips shipped and numerous customer engagements, Uhnder is poised for growth and further development in the industry.
