# Metawave Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metawave

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.metawave.co/
- Total disclosed funding: $17M
- Latest round: Series A (Nov 5, 2019)
- Investors on record: 16

## About

Metawave Corporation, based in Japan, specializes in advanced radar technology that enhances automotive safety and supports autonomous vehicle navigation through innovative solutions.Founded in 2017 in Palo Alto, US, Metawave Corporation develops radar technology aimed at improving vehicle navigation and safety. The company has raised a total of USD 10.00 mn across various funding rounds, with the most recent funding round being a Venture Debt of USD 26.00 mn on June 14, 2022, co-led by Astor Perkins and Black Dolphin Capital. CEO Maha Achour and co-founder Sandy Godsey lead the firm, focusing on critical advancements in the automotive sector.Metawave specializes in advanced radar technology, focusing on innovative solutions designed to enhance automotive safety and autonomous vehicle navigation. Their core product offerings include high-resolution radar systems that function in various environmental conditions, effectively detecting objects and providing real-time data to support decision-making processes in vehicles. The end-use cases primarily target the automotive industry, where Metawave aims to solve critical challenges related to collision avoidance, lane-keeping assistance, and overall driver safety. These products have been developed to serve a diverse client base, including automotive manufacturers and technology partners engaged in the evolution of self-driving vehicles. The geographical markets for Metawave's products span North America, Europe, and parts of Asia, where the demand for advanced automotive safety technology continues to grow.Metawave generates revenue through business-to-business transactions, primarily structured around partnerships with automotive manufacturers and technology developers. The company's revenue model includes licensing agreements and collaboration contracts, where clients pay for access to Metawave's proprietary radar systems and technology integration. Specific pricing details regarding their flagship products are not disclosed; however, it is understood that clients engage in long-term contracts that may involve phased payments based on milestones linked to product development and delivery. This transactional framework supports ongoing relationships and ensures that clients receive continuous support and updates related to Metawave's evolving technology solutions.In June 2022, Metawave Corporation raised USD 26.00 mn in venture debt financing, which will be utilized to offer its MARCONI™ 77GHz and POLARIS™ 24GHz product lines. These solutions are designed to meet the mobility industry's demand for long-range aerial detection and advanced driver assistance systems (ADAS), enhancing the ability to detect vehicles, motorcycles, pedestrians, and other objects from long distances with high resolution. The company's future strategy includes developing new products focused on automotive safety and expanding into additional markets, particularly in Europe and Asia, by the end of 2023.

## Funding rounds

- Series A, Nov 5, 2019 — Mirae Asset Capital, NTT DOCOMO Ventures, BOLD Capital Partners, DENSO Ventures
- Seed, Mar 22, 2018, $10M — Western Technology Investment, AGC, Khosla Ventures, Denso, Motus Ventures, Autotech Ventures, BOLD Capital Partners, Reshape Holdings, Toyota Ventures, SAIC Capital, Hyundai CRADLE
- Seed, Sep 5, 2017, $7M — Western Technology Investment, Khosla Ventures, Rising Tide, Motus Ventures, Autotech Ventures, BOLD Capital Partners, Reshape Holdings, Thyra Global Management, SAIC Capital

## Investors

- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- Rising Tide — Seed
- Motus Ventures (https://capitalatlas.ai/funds/motus-ventures) — Seed
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Seed
- BOLD Capital Partners (https://capitalatlas.ai/funds/bold-capital-partners) — Seed, Series A
- Reshape Holdings (https://capitalatlas.ai/funds/reshape-holdings) — Seed
- Thyra Global Management (https://capitalatlas.ai/funds/thyra-global-management) — Seed
- SAIC Capital (https://capitalatlas.ai/funds/saic-capital) — Seed
- AGC — Seed
- Denso — Seed
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Seed
- Hyundai CRADLE (https://capitalatlas.ai/funds/hyundai-cradle) — Seed
- Mirae Asset Capital (https://capitalatlas.ai/funds/mirae-asset-capital) — Series A
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series A
- DENSO Ventures (https://capitalatlas.ai/funds/denso-ventures) — Series A