Echodyne Raises $20M in Funding
Echodyne, a Kirkland, Wash.-based manufacturer of radars for government and commercial markets, closed an additional $20M financing round.
Existing investors participating in the round included Bill Gates, Madrona Ventures, NEA, Vulcan Capital, and Lux Capital. Joining previous investors is Vanedge Capital, whose Managing Partner Moe Kermani will be added to Echodyne’s Board of Directors.
The additional capital will enable the company to meet demand for its EchoGuard™ 3D surveillance radar, expand its distribution channels, and continue to invest in radar sensors for commercial drones, autonomous vehicles, and other markets.
Led by Eben Frankenberg, CEO, Echodyne has developed and provides patented MESA™ technology, whcih creates a platform for innovative radar products for government and commercial customers and allows the company to deliver an electronically scanning array (ESA) radar at commercial prices.
[Originally posted by FINSMES— September 23, 2019]