Neural Propulsion Systems Secures Series B Strategic Investment from Raytheon Technologies

Neural Propulsion Systems (NPS), a pioneer in hyper-resolution digital imaging radar technology, today announced a new Series B strategic investment by RTX Ventures, the venture capital arm of Raytheon Technologies (NYSE: RTX). The funding will help NPS develop next-generation radar technology capable of providing 10 times better resolution and 2.5 times greater range for mobility and defense applications.

Radar is used in a variety of industries, from automotive and mobility to aerospace and defense, with a total available market expected to reach $28 billion by 2025, according to Yule Group. Each of these use cases will benefit from increased scanning speed, resolution, reliability and range. Defensive radars, in particular, need ever more solutions to deal with new threats.

Neural Propulsion Systems Secures Series B Strategic Investment from Raytheon Technologies

“We invest in companies that are working on cutting-edge innovation that can transform aerospace and defense,” said Dan Attia, president and managing director of RTX Ventures. “NPS advances in radar technology will open the door to a wide range of radar applications such as defense of our airspace.”

NPS has successfully demonstrated game-changing radar performance for customers in the transportation and defense markets, demonstrating an order of magnitude increase in performance over existing radar technology.

“We are powering a new class of radar with groundbreaking performance gains that are 10 times greater than what is possible with current radar technologies,” said Dr. Behrooz Rizwani, founder and CEO of NPS. “NPS is poised to disrupt the $28 billion radar market. Leveraging our recent breakthroughs in algorithms based on a new mathematical framework, our AtomicSense radar platform dramatically changes how sensor data is processed. and considered, revolutionizing radar performance.

NPS has developed a new class of patented algorithms to improve the performance of magnitude radars with game-changing applications in the mobility and defense industries. The award-winning AtomicSense platform defines radar performance based on newly discovered mathematics, dramatically changing how sensor data is processed and interpreted.

About AtomicSense Technology

NPS AtomicSense technology uses a new patented radar algorithm to achieve higher resolution, greater accuracy and higher reliability than interference. Advances in radar technology enable vehicle operators to perceive extremely difficult and complex road environments, outperforming human vision. The performance of the NPS radar is based on a new mathematical framework, the atomic criterion, which changes the way sensor data is processed and understood. AtomicSense technology achieves revolutionary, never-before-seen radar performance that addresses industry-level challenges and the future of advanced driver assistance systems (ADAS), autonomous driving, and next-generation aerospace and defense systems. It opens doors.

About Neural Propulsion Systems (NPS).

Founded in 2018 by Silicon Valley luminaries, NPS develops digital imaging radar technology. Based on a system of radar algorithms running on graphical processor units (GPUs), the NPS AtomicSense platform achieves radar performance that reaches the theoretical limits of mathematically feasible information, enabling simulation Ground applications can be enabled in the motion and defense industries. Find NPS on the web, Twitter and LinkedIn.

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