Arbe Robotics Ltd.
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Arbe Robotics Ltd. - overview
Established
2015
Location
Tel Aviv-Yafo, -, Israel
Primary Industry
Software
About
Based in Israel, Arbe Robotics Ltd. develops advanced radar technology aimed at enhancing vehicle safety through driver-assist functions and paving the way for full autonomous driving. Founded in 2015 in Tel Aviv-Yafo, Israel, Arbe Robotics Ltd. specializes in radar systems for the automotive sector.
The company has secured USD 23. 00 mn in funding through a PIPE round on June 14, 2023, led by Special Situations Funds. The founders, Kobi Marenko and Noam Arkind, have a strong background in technology and innovation, with Kobi Marenko serving as the CEO. To date, Arbe has successfully completed 7 deals in the investment landscape.
Arbe develops advanced radar technology and systems designed to enhance vehicle safety through driver-assist functions and pave the way for full autonomous driving. Their core offerings include a perception radar and surround imaging radar, which work together to create a detailed understanding of the vehicle's environment. These products are aimed at automotive manufacturers and technology companies seeking to integrate safety features into their vehicles. By leveraging high-resolution radar data, Arbe's technology addresses critical use cases such as collision avoidance, lane-keeping assistance, and pedestrian detection, serving a global market with specific penetration in North America, Europe, and parts of Asia.
In 2022, Arbe Robotics Ltd. reported a revenue of USD 3. 52 mn and an EBITDA of USD -47. 25 mn.
The company's revenue model is structured around B2B partnerships with automotive manufacturers, focusing on direct sales agreements for radar systems and software solutions, fostering long-term relationships and repeat business. Following the recent PIPE funding of USD 23. 00 mn secured in June 2023, Arbe Robotics Ltd. plans to utilize these funds for general corporate purposes, which may include the development of upcoming products.
The company is exploring opportunities to expand into new markets and geographic regions, targeting growth particularly in North America and Europe in the coming years.
Current Investors
Canaan Partners, iAngels Crowd Ltd, OurCrowd
Primary Industry
Software
Sub Industries
Automobiles, Other Vehicles & Parts, Computer & Related Peripherals, Analytics & Performance Software
Website
www.arberobotics.com
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things), Robotics
Total Amount Raised
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