German startup Xavveo, which develops photonic sensor networks for autonomous vehicles and efficient factory automation, has raised $8.6 million in a seed funding round co-led by Vsquared Ventures and imec.xpand.
- Founded in 2024 by Stefan Meister, Xavveo develops advanced radar sensor technology to drive autonomous driving, factory automation, and healthcare breakthroughs.
- The 360-degree sensor networks provide LIDAR-like accuracy with <0.1° precision, allowing autonomous vehicles to safely navigate in challenging conditions like fog and rain, overcoming the limitations of current sensors for more reliable operation.
- In factory automation, Xavveo’s sensors improve efficiency by providing precise, real-time data, while in healthcare, they enable continuous monitoring to detect health issues early and enhance patient care.
Details of the deal
- The seed round was co-led by Vsquared Ventures, a Munich-based VC backing deep tech startups across Europe, and imec.xpand, a Belgium-based firm investing in early-stage companies focused on nanoelectronics and smart applications for a sustainable society, including health, mobility, cities, industries, and energy.
"Xavveo's distributed photonic radar system is set to become a critical enabler of the future of mobility, and we believe the incredible team has the talent and vision to bring this to the forefront of the industry," Vsquared Ventures' team, commented on LinkedIn.
- Xavveo will use the $8.6 million seed funding to advance its photonic radar technology, expand its engineering team, and partner with OEMs to bring its system to market across autonomous mobility, industrial, and medical sectors.
