Berlin-based startup Xavveo has secured €8 million in seed funding to develop its advanced distributed photonic radar system for autonomous vehicles.
The funding round was co-led by Vsquared Ventures and imec.xpand, both known for investing in pioneering deep-tech companies. The fresh capital will support Xavveo’s goal to enhance safety, reliability, and efficiency in autonomous driving technology.
Advertisement
Revolutionizing Autonomous Vehicle Perception
Xavveo’s photonic radar technology, founded by industry veterans Dr. Sven Otte, Dr. Stefan Meister, and Dr. Ulrich Keil, uses Silicon Photonics to create radar systems that deliver precise perception in complex environments and adverse weather conditions. This approach addresses limitations in current autonomous vehicle sensors, enabling accurate detection in all weather conditions and reducing dependency on LIDAR and vision-based systems.
Key Partnerships and Market Expansion
The funding will allow Xavveo to expand its engineering team and form strategic partnerships with automotive manufacturers and technology providers. Vsquared Ventures’ Michael Jobst and imec.xpand’s Jonathan Fajardo Cortes both praised Xavveo’s potential to drive forward the future of autonomous mobility with its groundbreaking radar technology.
With plans to scale its innovative radar system, Xavveo aims to set a new standard in autonomous vehicle safety, enhancing market competitiveness for automotive manufacturers.
