Steradian Semiconductors, a Bangalore-based startup which develops 4D imaging radar solutions for autonomous vehicles, has raised an undisclosed sum of funding from early-stage, technology-focused, SEBI registered VC fund Inflexor Ventures on Wednesday (04.11.2020). This is the investor’s maiden investment round.
This funding will be used by the company to accelerate product development and scale-up functioning in global markets.
The sensors produced by the company are used in the automotive industry. These sensors enable various driver assistance features, including a fully autonomous vehicle. The startup has also made solutions for traffic monitoring and smart city projects.
What Inflexor Ventures has to say
“The Steradian team comes with experience in building and scaling technology products with global companies. As the world moves towards higher levels of automation, we see their technology play a vital role in the automotive industry. With our focus on backing companies with deep tech and technology IP that can scale globally from India, we feel Steradian is poised for its next stage of growth and we are excited to partner with them,” said Venkat Vallabhaneni, Managing Partner at Inflexor Ventures.
What Steradian Semiconductors has to say
“Steradian has opened a new world of safe autonomous driving systems with its innovative and commercially viable radar solution. Our customers and commercial partners have validated the solution on-field in trials and endorsed the capability of our high-resolution imaging radar technology. We are also excited to partner with Inflexor which shares our vision and will bring a lot of experience and value to us,” said Gireesh Rajendran, Co-founder and CEO at Steradian Semiconductors Pvt Ltd.
About Steradian Semiconductors
Founded in 2016, Steradian Semiconductors is the brainchild of Gireesh Rajendran, Ashish Lachhwani, Apu Sivadas, Rakesh Kumar and Alok Joshi. The startup develops ultra-high-resolution 4D imaging using radar technology to detect its surroundings and read velocity. Along with its AI-based algorithms, Steradian Semiconductors delivers real-time optical sensors. The founders worked previously at companies including Texas Instruments and Qualcomm, and they hold over 50 patents.
About Inflexor Ventures
The Inflexor Technology Fund is a Securities and Exchange Board of India-registered (SEBI) alternative investor and it is targeting a full corpus of Rs 500 crore. It was floated earlier this year, by Parampara Capital co-founders Venkat Vallabhaneni and Jatin Desai as managing partners. It has startups like Atomberg, SecurAX, Data Resolve, Play Shifu, Entropik Tech, Chakr, Singularity Technology, Verloop, CloudSEK, Bellatrix Aerospace, 3rdFlix and S-Cube.
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