Home » Neural Propulsion Systems raises $17.5 million in Series B funding

Neural Propulsion Systems raises $17.5 million in Series B funding

The funding round was led by Cota Capital and saw significant contributions from GM Ventures and RTX Ventures, the venture capital arms of General Motors Co. and RTX, respectively.

By Startup Funding News
Neural Propulsion Systems raises $17.5 million in Series B funding.

Neural Propulsion Systems (NPS), a leader in software-defined radar technology, raised $17.5 million in a Series B funding round.

The funding round was led by Cota Capital and saw significant contributions from GM Ventures and RTX Ventures, the venture capital arms of General Motors Co. and RTX, respectively. The strategic investment underscores a collective commitment to enhancing safety on roadways for pedestrians, drivers, and all other traffic participants, as well as advancing defense radar systems, the company said in a press statement.

With new funds, Neural Propulsion Systems aims to redefine radar technology for both defense and automotive applications by leveraging its groundbreaking software to achieve performance limits previously thought unattainable. The software’s ability to provide exceptional resolution, clarity, and range positions NPS as a leader in next-generation sensing solutions.

The funding will primarily support the expansion and application of the company’s Atomic Sensing Platform in the automotive radar sector. This platform significantly improves radar resolution and precision through a novel mathematical framework called the Atomic Norm (AN). Atomic Norm transforms the processing of raw sensor data into actionable insights, promising substantial enhancements in radar performance over existing technologies.

The NPS Atomic Sensing Platform, powered by the patented Atomic Norm Tensor Processing Software, is set to disrupt the automotive market. The technology delivers unprecedented radar performance with disruptively high resolution, precision, and reliability. By redefining how sensor data is processed and understood, NPS is paving the way for advancements in Advanced Driver Assistance Systems (ADAS), autonomous driving, and the next generation of aerospace and defense systems, showcasing a future where software-defined radar technology plays a pivotal role in ensuring safety and efficiency across various domains.

Commenting on the funding news Behrooz Rezvani, Founder and CEO of Neural Propulsion Systems, said: “This investment confirms the value of our vision and technology.” “By harnessing the potential of our newly developed radar technology, we can potentially achieve performance enhancements that are over 10 times greater than current radar capabilities, putting us at the forefront of revolutionizing the $28 billion radar market. Our radar software works with all radar hardware and significantly improves the performance of existing sensing platforms with lower cost and more efficiency.”

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