Echodyne has secured $20M through a new funding round in a move to help the company address industry demand for the EchoGuard 3D security radar.
Vanedge Capital joined Bill Gates, Lux Capital, Madrona Ventures, NEA and Vulcan Capital in the latest financing round, Echodyne said Wednesday.
Echodyne noted that the raised capital will enable the firm to grow distribution channels and invest in radar systems for autonomous platforms and commercial drones.
â€œWith our market-leading 3D radar for perimeter security and airspace management, an airborne radar for commercial UAS detect and avoid, and a game-changing radar for autonomous vehicles to be unveiled later this year, Echodyne is poised for growth and expansion in a number of markets,â€ said Eben Frankenberg, CEO at Echodyne.
The companyâ€™s radar offerings support aircraft navigation, long-distance linear inspections and perimeter situational awareness functions for military bases, airports, border areas and critical infrastructure.