Arbe Robotics went public via a SPAC merger with Industrial Tech Acquisitions in a $572m deal.

Arbe Robotics, a provider of next-generation 4D Imaging Radar solutions, went public via a SPAC merger with Industrial Tech Acquisitions, a special purpose acquisition company, in a $572m deal. The transaction is further supported by a $100m fully-committed PIPE anchored by investors including M&G Investment Management, Varana Capital, Texas Ventures, Eyal Waldman, and certain other investors. "We expect that the proposed combination of Arbe and Industrial Tech will allow us to bring our vision to reality, creating an autonomous future driven by outstanding, truly safe, commercially viable 4D Imaging technology. We are extremely excited by the opportunity to partner with ITAC, and we expect that ITAC's significant experience in building and investing in disruptive technology companies will help bring our groundbreaking technology to a broader market," Kobi Marenko, Arbe CEO.