Aeva, Inc.

Aeva, Inc.

Aeva is developing technology for autonomous navigation that combines LiDAR, Radar, machine vision and high-accuracy motion sensing.

Aeva’s technology uses a single sensor that enables a machine to perceive its surroundings with the goal of making “autonomy” as a simple add-on similar to how Broadcom and Qualcomm work for internet connectivity for portable devices. Aeva technology relaxes the requirements for all sensors and simplifies the autonomy stack as a whole and is claimed to eliminate the current multi-sensor calibration challenge. Their system measures how surrounding objects are moving to potentially predict their trajectories. Aeva can sense an object from over 200 m away, identify if it is a car or a person, know precisely how fast it is going and predict what it will do in the following seconds.

Aeva’s technology measures high-resolution real-time velocity using a device that can gauge the distance between objects, record reflectivity and the distance traveled by those objects per unit time. The sensor combines lidar (light detection and ranging radar), radar, machine vision and high-accuracy motion sensing. Whereas conventional lidar provides indirect velocity data by rapidly beaming individual pulses of laser light, producing frames milliseconds apart that can omit nearby objects, Aeva’s compact cuboid sensor sends out a continuous wave embedded with a unique signature. Aeva’s sensors are robust to interference and sunlight.

Aeva is partnered with key automotive and ride-sharing companies. Aeva raised $45M in total investments led by Lux Capital and Canaan Partners. Lidar sensors developed by Aeva are being used by Audi subsidiary, Autonomous Inteligent Driving (AID).

Timeline

January 4, 2021
Aeva raises an additional $200 million in private investment from Hong Kong hedge fund Sylebra Capital ahead of its debut as a publicly traded company.

January 4, 2021
Aeva, Inc. raises a $200,000,000 private equity from Sylebra Capital Management Limited.
January 27, 2017
Aeva, Inc. raises a $3,500,000 seed round.
2016
Aeva, Inc. was founded by Mina Rezk and Soroush Salehian.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Aeva Funding Round 2018
45,000,000
October 1, 2018
4 Results
Results per page:
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People

Name
Role
LinkedIn

Mina Rezk

Co-Founder

Soroush Salehian

Co-Founder

Further reading

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Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Crunchbase News
January 4, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Kirsten Korosec
January 4, 2021
TechCrunch
Aeva, the lidar company started by two former Apple engineers, has raised an additional $200 million in private investment from Hong Kong hedge fund Sylebra Capital ahead of its debut as a publicly traded company. The Mountain View, California-based startup announced in fall 2020 that it was merging with special purpose acquisition company InterPrivate Acquisition [...]
Mark Matousek
December 2, 2020
Business Insider
Aeva is taking on lidar rivals like Velodyne, Innoviz, and Luminar and has partnerships with Audi and ZF.
Kirsten Korosec
November 9, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. What.A.Week. Shall we [...]
December 11, 2019
Financial Times
Company plans $500 systems to equip consumer cars with 'lidar' sensors

References

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