Lidwave
Revolutionary 3D sensing architecture for automotive, smart cities, robotics, and construction, reducing costs by 50X with simple hardware.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $10.0m | Seed | |
| Total Funding | 000k | ||
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Lidwave is a Jerusalem-based deep tech startup that is revolutionizing the 3D perception industry with its innovative 3D sensing technology. Unlike traditional methods that rely on time-based systems requiring precise and sensitive hardware, Lidwave's patented solution is time-agnostic, meaning it doesn't depend on timing to measure depth. This breakthrough allows their technology to be implemented on simpler and more cost-effective hardware, specifically a System on Chip (SoC).
The company's technology significantly reduces costs—by up to 50 times—while maintaining long-range capabilities and full frame rates. This makes it a highly attractive option for various industries that require advanced 3D sensing capabilities. Lidwave's solution is poised to become a fundamental component in sectors such as Automotive, Smart Cities, Robotics, and Construction, among others.
Lidwave primarily serves businesses and organizations within these industries, offering them a more affordable and efficient way to integrate 3D sensing into their operations. The market for 3D perception technology is vast, encompassing trillion-dollar industries that are continually seeking innovative solutions to improve their systems and processes.
The company's business model revolves around licensing its patented technology to manufacturers and developers in these sectors. By doing so, Lidwave generates revenue through licensing fees and potentially through partnerships and collaborations. This model allows them to scale their technology across multiple applications and industries without the need for extensive manufacturing capabilities.
In summary, Lidwave is a game-changer in the 3D perception industry, offering a cost-effective, high-performance solution that can be integrated into a wide range of applications. Their innovative approach and patented technology position them as a key player in the future of 3D sensing.
Keywords: 3D sensing, deep tech, time-agnostic, System on Chip, cost-effective, Automotive, Smart Cities, Robotics, Construction, patented technology.