Nodar raises $14.5 million, opens office in Germany

Nodar recently announced that it has successfully raised $14.5 million from New Enterprise Associates and Rapsody Venture Partners. The funds will be used to support the company's opening of a new office in Germany. In order to solve the problems of existing parking assistance systems, Nodar has launched an unconstrained camera solution. This solution can be used in conjunction with a secondary parking assistance system to improve the performance of the parking assistance system. In addition, if paired with a redundant sensor suite (such as camera + radar or camera + ultrasonic, etc.), this solution can also be used for level 3 and above autonomous driving systems.