Xavveo Completes $8.6 Million Seed Round to Advance Silicon Photonic Radar Sensor Development for Autonomous Vehicles

Xavveo, a startup based in Berlin, Germany, recently announced that it has completed a seed round of financing of $8.6 million co-led by Vsquared Ventures and imec.xpand. The funds will be used to promote the development of Xavveo's photonic distributed radar system to improve the reliability and safety of autonomous vehicles in all weather conditions. In addition, the funds will also support Xavveo's expansion, including expanding the engineering team and establishing partnerships with automakers and technology integrators.