Delft-based Perciv AI has secured €2.5 million in a seed funding round led by DayOne Capital, aimed at scaling its innovative radar perception solutions across several industries.
Information on the Target
Perciv AI, based in Delft, is a pioneering deep-tech startup specializing in artificial intelligence for radar perception. The company has recently secured €2.5 million in a seed funding round led by DayOne Capital, with participation from Keen Venture Partners and Vinci Venture Capital. This strategic investment will enable Perciv AI to broaden its operations and scale its advanced radar-based perception solutions across multiple sectors, including automotive, robotics, and aerospace.
The founders of Perciv AI, Balazs Szekeres, Dr. Andras Palffy, and Srimannarayana Baratam, who are alumni of TU Delft, addressed key challenges in automation that arise from the high costs of LiDAR sensors and the technical limitations of traditional radar perception systems. Their innovative approach provides a solution that delivers LiDAR-like performance at a more accessible cost by utilizing sophisticated AI-driven radar and radar-camera fusion technology.
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Industry Overview
The market for radar perception technology is rapidly evolving, particularly in the Netherlands, where automotive and high-tech industries are at the forefront of technological advancements. The reliance on sophisticated sensors, such as LiDAR, has nuanced existing auto
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Disclosed details
Transaction Size: $3M