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Venture Capital News: Neural Propulsion Systems Inks $17.5M Series B

2024-03-07
PLEASANTON, CA, Neural Propulsion Systems (NPS), a pioneer in software-defined radar, today announced it secured a $17.5 million Series B funding round.
The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co. (NYSE: GM), and RTX Ventures, the venture capital arm of RTX (NYSE: RTX). This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, drivers and all other traffic participants) and defense radar systems.

Founded in 2018 by Silicon Valley luminaries, NPS develops digital imaging radar technology. Based on a radar algorithm system capable of running on a multitude of hardware platforms, the NPS Atomic Norm Radar SW achieves performance that reaches the information-theoretic limits of what is mathematically possible, enabling groundbreaking applications in the mobility and defense industries.
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