Echodyne gets $29M boost for radar gizmos

Eben Frankenberg with drone

Echodyne CEO Eben Frankenberg shows how one of the company’s flat-panel radar units might fit onto a drone. (GeekWire photo by Alan Boyle)

Microsoft co-founders Bill Gates and Paul Allen are among the investors putting another $29 million into Echodyne, the Intellectual Ventures spin-out that’s developing low-cost, miniaturized radar systems for drones and self-driving cars.

Echodyne founder and CEO Eben Frankenberg said the Series B funding round was led by New Enterprise Associates, or NEA, a Silicon Valley venture capital firm.

Gates, Seattle’s Madrona Venture Group, the Kresge Foundation and Allen’s Vulcan Capital are among the investors following up on their participation in 2014’s $15 million Series A round, Frankenberg told GeekWire. He declined to say how the new investment affects the valuation of the company, based in Bellevue, Wash.

“The new investment will be used to continue developing the technology,” Frankenberg said.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
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