- Innovative and high-performance radar company Echodyne announced it has raised $20 million in funding
Echodyne — a manufacturer of innovative and high-performance radars for government and commercial markets — announced the close of an additional $20 million financing round. And existing investors participating in the round included Bill Gates, Madrona Ventures, NEA, Vulcan Capital, and Lux Capital.
Vanedge Capital also joined the round. And Vanedge managing partner Moe Kermani is joining the Echodyne Board of Directors.
This round of funding will enable the company to meet the growing demand for its EchoGuard 3D surveillance radar, expand its distribution channels, and continue to invest in breakthrough radar sensors for commercial drones, autonomous vehicles, and other markets.
“Adding Vanedge to our existing blue-chip investors underscores Echodyne’s opportunity for breakthrough radar products in a number of industries,” said Echodyne CEO Eben Frankenberg. “With 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.”
Echodyne’s patented MESA technology is a platform for innovative radar products for government and commercial customers and allows the company to deliver a true electronically scanning array (ESA) radar at commercial prices. And Echodyne’s radars enable a range of new applications like affordable ground and air perimeter situational awareness for airports, borders, military bases, critical infrastructure, and safe navigation of UAS for package delivery, long-distance linear inspections, and UTM flight corridors.
“Echodyne has brought to market a suite of highly differentiated products that are proven to be game-changers in a number of large markets,” added Kermani. “The company has a rare combination of novel technology, a strong team and culture, and significant market traction across multiple industries. We are delighted to contribute to Echodyne’s growth.”
