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Announced

Completed

New Enterprise Associates led a $12m Series A round in NODAR.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Venture Capital

3d vision

Electronic Components and Equipment

Minority

Friendly

Domestic

Completed

Acquisition

Private Equity

United States

Synopsis

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New Enterprise Associates, a private equity firm, led a $12m Series A round in NODAR, a 3D vision technology, with participation from Rhapsody Venture Partners. "At NODAR, we believe Vision Zero is achievable. At the cornerstone of this goal is 3D vision technology, which must serve as the eyes of the vehicle. Having spent 13 years developing optical ranging systems and seeing the incredible advances in compute, algorithms, and camera technology, I knew a solution was possible. NODAR Hammerhead is the result of this work and has the potential to become a ubiquitous component in every driver-assisted and self-driving vehicle in the world. We could not be more excited to have NEA along to support this journey," Leaf Jiang, NODAR CEO.

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