Microsoft co-founder Bill Gates and other investors have contributed to a fresh $20 million funding round for Kirkland, Wash.-based Echodyne, a company that makes use of exotic metamaterials to build high-performance radar technology for government and commercial markets.
In today’s announcement, Echodyne said the additional capital will enable the company to meet growing demand for its EchoGuard 3D surveillance radar, expand its distribution channels and continue to invest in the development of sensors for commercial drones, autonomous vehicles and other applications.
The latest round’s other investors include firms that have previously backed Echodyne, including Madrona Ventures, NEA, Vulcan Capital and Lux Capital. But there’s a new backer on board as well: Vanedge Capital, which is based in Vancouver, B.C. Vanedge managing partner Moe Kermani will be added to Echodyne’s board of directors.