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21 12 2018 03

Robotic perception pioneer AEye, the developer of iDAR (Intelligent Detection and Ranging), announced the second close of its Series B financing, bringing the company’s total funding to more than $60 million. AEye Series B included global automotive OEM, Tier 1 and Tier 2 strategic investors Hella Ventures, SUBARU-SBI Innovation Fund, LG Electronics, and SK Hynix.

AEye previously announced that the round was led by Taiwania Capital along with existing investors Kleiner Perkins, Intel Capital, Airbus Ventures, R7 Partners, and an undisclosed OEM.

Series B will be used to scale AEye’s operations to meet global demand for its artificial perception systems for both ADAS and Mobility solutions.

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