

Echodyne gets $135 million infusion amid spiking demand for anti-drone radar sys...
source link: https://dronedj.com/2022/06/14/echodyne-gets-135-million-infusion-amid-spiking-demand-for-anti-drone-radar-systems/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.

Echodyne gets $135 million infusion amid spiking demand for anti-drone radar systems

Specialized radar company Echodyne has raised $135 million in new funding it needs to keep pace with client demand and to continue anti-drone tech development, receiving the largest boost from backers Bill Gates and Scotland’s Baillie Gifford Group.
The Series C infusion comes amid a flurry of recent business successes for Seattle-based Echodyne and its proprietary metamaterial platforms. Unlike traditional radar, its powerful electronically scanned array (ESA) technology systems are built into compact, portable units without moving parts that are particularly effective for security uses in detecting and monitoring the presence of drones.
Echodyne’s first-generation EchoGuard radar product can pick up a small commercial drone from about a kilometer off, and identify larger craft from even farther away. Its systems can be used on the ground, land vehicles, or mounted on UAVs.
Read: Echodyne delivers radar system to the US Army’s $191 million security program
Echodyne tech is already in use by an array of military, border security, and police customers. In the last six months alone, the company and its products were selected for the US Army’s Security Surveillance System program; the Department of Homeland Security, Customs and Border Protection’s five-year innovation project; and for integration into Northrop Grumman’s advanced defense and security solutions.

The attraction of Echodyne’s compact and affordable radar platforms – which provide comparable performance to enormous and expensive ESA alternatives – has been particularly strengthened by both governments and businesses increasingly seeking protection against the rising threat of small drones being used for mischievous or violent purposes. That growing activity was behind the company’s latest fund raising efforts.
“We are seeing significant customer demand across multiple markets and applications where our patented technology simply creates the best performing radar available,” said Eben Frankenberg, Echodyne CEO. “This additional capital demonstrates strong enthusiasm and confidence from world-class investors and anchors our ambition to be the world’s leading radar solutions company. The ultimate beneficiaries are our customers who use our commercial radars to create advanced solutions for intelligent security and autonomous applications that drive industries and save lives.”
Read: Echodyne unveils 4D longer-range EchoShield radar platform
Echodyne’s rising business prospects indeed explain why existing financial backers dug deep into their pockets yet again in order to fuel the company’s continued expansion. Those included Northrop Grumman Corporation, NEA, Madrona Ventures, Vulcan Capital, and Vanedge Capital.
“Echodyne’s ability to deliver high-performance radar solutions at commercial prices is a highly disruptive innovation,” said Luke Ward, Baillie Gifford’s investment manager. “The company’s unique sensor technology is unlocking novel applications for customers and showing promising adoption at leading organizations, such as the U.S. Army, Northrop Grumman, NASA, and the Department of Homeland Security. As long-term investors, we’re excited by the growth potential Echodyne has over the decade ahead and are thrilled to be supporting its next phase of market expansion and new product creation.”
Recommend
-
14
点击 我爱计算机视觉 标星,更快获取CVML新技术 论文提出Spiking-YOLO,是脉冲神经网络在目标检测领域的首次成功尝试,实现了与卷积神经网络相当的性能,而能源消耗极低。论文内容新颖...
-
28
论文提出Spiking-YOLO,是脉冲神经网络在目标检测领域的首次成功尝试,实现了与卷积神经网络相当的性能,而能源消耗极低。论文内容新颖,比较前沿,推荐给大家阅读 来源:晓飞的算法工程笔记 公众号 论文: Spiking-YOL...
-
10
Spiking Out a GUI Employee Time ClockUsing Tk Backed by Square’s Ruby SDKAs small companies get bigger, they sometimes decide to start using time clocks to track employee hours. Stakeholders often ask engineering for a solut...
-
6
March 21, 2022
-
3
迁移学习(续) https://mp.weixin.qq.com/s/U45X5kKMw_E4vfHfVmWZTA FSAF:来自CMU的Single-Shot目标检测算法 https://mp.weixin.qq.com/s/45CLHvP1cumzcwMV0myj_g 微软-少标签样本构建高性能文本分类器 https://zh...
-
9
May 11, 2022 ...
-
7
August 10, 2022 ...
-
4
Flyby pairs $4 million seed infusion with drone delivery pilot launch ...
-
3
AAM developer Supernal partners with radar specialist Echodyne
-
5
Wingcopter gets $43 million EU infusion to scale drone deliveries
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK