Metawave Adds Infineon Technologies as New Investor to Advance its Wireless Technologies
Updated: Jul 3, 2019
Palo Alto, CA – Aug.14, 2018 – Metawave Corporation today announced the addition of Infineon Technologies (FSE: IFX) in its recent financing round. The two companies are working closely to deliver the next generation of Metawave’s long-range, high-resolution WARLORD radar for Advanced Driver Assistance Systems (ADAS). The terms of the investment were not disclosed.
Metawave is building wireless technology platforms using engineered metamaterials and Artificial Intelligence (AI) to develop the first long-range, high-resolution WARLORD™ radar platform with imaging and object classification capabilities for ADAS and autonomous driving. In addition, Metawave is developing hybrid analog and digital smart antenna SABER™ platforms for Fixed Wireless and the 5G cellular infrastructure to power dense point-to-point, point-to-multipoint, and mesh configurations for backhaul and access networks. This technology enables longer-range reach to extend the footprint of base stations, using narrow beams formed and steered in the analog space without causing or being susceptible to interference.
“This investment is another step by Infineon to further expand our Radio Frequency Integrated Circuit (RFIC) Transceiver technology expertise in automotive radar and wireless RF communications in general,” said Ritesh Tyagi, Head of Silicon Valley Automotive Innovation Center of Infineon Technologies America Inc. “Metawave’s solutions are highly complementary to our radar portfolio.”
“We’ve been working closely with Infineon to integrate our front-end, high-resolution radar imaging capabilities with Infineon’s market-leading, highly integrated 77GHz radar transceivers supporting ASIL-C automotive systems,” said Metawave’s CEO, Maha Achour, PhD. “Our team has already demonstrated a high-resolution automotive 77GHz radar, with object classification capabilities based on a simpler architecture that scales for long ranges and wider field of views. We welcome Infineon to our group of forward thinking investors who understand the broad reaching implications of Metawave’s technology.”
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2017 fiscal year (ending 30 September), the Company reported sales of around €7.1 billion with about 37,500 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Metawave is a wireless technology company that seeks to revolutionize the future of wireless communications and radar sensing. Leveraging adaptive metamaterials and AI, Metawave’s primary focus is to build intelligent beam-steering radar for autonomous driving. Changing the way automakers deploy radar, Metawave is building high-performance radars capable of 4D point-cloud imaging, non-line of sight object detection, and vehicle-to-vehicle communication, making cars safer, smarter, and connected. In parallel, Metawave is developing smart antenna platforms for Fixed Wireless and 5G cellular networks to provide faster infrastructure and near-instant connectivity for billions of people. Founded in 2017, Metawave is located in Palo Alto and Carlsbad, CA. Visit the Metawave website at www.metawave.co, follow us on Twitter @metawavecorp, on Facebook, or contact us at email@example.com.
Metawave is funded by auto industry leaders including DENSO, Toyota AI Ventures, Hyundai Motor Company, Infineon, and Asahi Glass. Additional strategic investors include Motus Ventures, Khosla Ventures, Autotech Ventures, Bold Capital, Thyra Global, SAIC Capital, Western Technology Investment, and Alrai Capital. The automotive radar market is predicted to exceed $9,475.4 million by 2023, according to Research and Markets.
Media Contact | Kelly Brieger | 650.704.1748 | firstname.lastname@example.org | www.metawave.co