# Oculii Corporation

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

- Industry: Software
- Headquarters: Beavercreek, US
- Website: www.oculii.com
- Total disclosed funding: $71M
- Latest round: Series B (Sep 13, 2021)
- Investors on record: 24

## About

Oculii Corporation develops advanced AI radar technology, enhancing perception for autonomous vehicles and smart city applications, thereby improving safety, efficiency, and situational awareness.Founded in 2013 and headquartered in Beavercreek, US, Oculii Corporation specializes in AI radar systems designed for autonomous vehicles. The company was acquired by Ambarella on October 26, 2021, for USD 307.5 mn in stock. The acquisition brought Oculii’s technology under Ambarella’s portfolio, aligning with their strategy to enhance video surveillance and automotive systems. Steven Hong, the CEO of both Oculii and Ambarella, has a history of innovation in technology, although details of prior ventures are not disclosed.Oculii Corporation offers sophisticated AI-driven radar technology that provides high-resolution perception capabilities for autonomous vehicles. Their solutions aim to deliver reliable object detection and classification, crucial for operating vehicles safely in dynamic environments. These technologies integrate seamlessly with automotive systems, enhancing functionalities such as advanced driver assistance and ensuring robust performance in various driving conditions. The company also addresses smart city applications, further broadening its market reach and client base across North America, Europe, and Asia.Oculii's revenue model centers on partnerships and direct sales of its AI radar solutions to automotive manufacturers and technology firms. The company engages in B2B transactions, providing advanced radar systems that clients incorporate into their vehicle production and smart city projects. Revenue is generated not just from hardware sales but also through ongoing software updates and enhancements, contributing to a sustainable revenue stream.Following its acquisition by Ambarella, Oculii Corporation plans to leverage the latest funding of USD 307.5 mn to enhance its AI radar product development and expand into new markets. The company aims to launch innovative radar products by late 2023, focusing on applications in advanced driver assistance systems and smart city infrastructures. Additionally, Oculii is targeting expansion in the European and Asian markets over the next two years, seeking to establish strategic partnerships that will facilitate entry and growth in these regions.

## Funding rounds

- Series B, Sep 13, 2021, $5.3M — General Motors Ventures
- Series B, May 6, 2021, $55M — Susquehanna Capital, R7 Partners, SV Tech Ventures, Mesh Ventures, Signature Bank, Schox Patent Group, Catapult, Conductive Ventures, Taiwania Capital, VectoIQ, HELLA Ventures, ACVC, PHI-Zoyi Capital
- Series A, Jun 8, 2018, $6.8M — ChinaEquity Group, SIG Asia Investment
- Seed, Jan 8, 2015, $3.4M — Beijing Qihu Keji Co. Ltd., PreAngel Partners, Legend Star, Decent Capital, First Star Ventures, LeBox Capital, F50, Comet Labs

## Investors

- Beijing Qihu Keji Co. Ltd. — Seed
- PreAngel Partners — Seed
- Legend Star (https://capitalatlas.ai/funds/legend-star) — Seed
- Decent Capital — Seed
- First Star Ventures (https://capitalatlas.ai/funds/first-star-ventures) — Seed
- LeBox Capital (https://capitalatlas.ai/funds/lebox-capital) — Seed
- F50 — Seed
- Comet Labs (https://capitalatlas.ai/funds/comet-labs) — Seed
- ChinaEquity Group (https://capitalatlas.ai/funds/chinaequity-group) — Series A
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series A
- Susquehanna Capital (https://capitalatlas.ai/funds/susquehanna-capital) — Series B
- R7 Partners (https://capitalatlas.ai/funds/r7-partners) — Series B
- SV Tech Ventures (https://capitalatlas.ai/funds/sv-tech-ventures) — Series B
- Mesh Ventures (https://capitalatlas.ai/funds/mesh-ventures) — Series B
- Signature Bank — Series B
- Schox Patent Group — Series B
- Catapult — Series B
- Conductive Ventures (https://capitalatlas.ai/funds/conductive-ventures) — Series B
- Taiwania Capital (https://capitalatlas.ai/funds/taiwania-capital) — Series B
- VectoIQ (https://capitalatlas.ai/funds/vectoiq) — Series B
- HELLA Ventures (https://capitalatlas.ai/funds/hella-ventures) — Series B
- ACVC (https://capitalatlas.ai/funds/acvc) — Series B
- PHI-Zoyi Capital — Series B
- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series B