Israel’s Arbe Robotics, which is creating a 4D radar technology for self-driving cars, has raised $10 million to expand its China presence. Meanwhile, Seatfrog a Sydney-based company that handles last-minute airline and train ticket upgrade, has raised $8 million.
Israel’s Arbe Robotics raises $10m led by 360 Capital Partners
Israel’s Arbe Robotics, which develops 4D imaging radar for autonomous vehicles, has raised $10 million in a round led by French VC 360 Capital Partners, as it prepares to expand its China market coverage, the company announced.
Others participating in the latest investment round are Arbe’s existing shareholders, Canaan Partners Israel, iAngels, Manic Mobility, OurCrowd, O.G. Tech Ventures, the VC arm of Eyal Ofer, and Taya Ventures.
The company will use the proceeds to enhance its imaging technology and to expand its operations in the US and China. With this round, the total funding into the firm stands at $23 million.
Seatfrog secures $8m from UK’s Octopus Ventures
Seatfrog has developed an application for airlines and railways to participate in upgrade auctions for passengers. A unique point of the app is that it allows airlines to sell an upgrade up to the time of departure.
Previously in 2016, Seatfrog raised a A$1.2 million ($860,000) funding from Howzat Partners, an investment fund that focuses on digital business.
The company is targeting to close five new partnership deals in the next few months. Present in Sydney, London and Tokyo, Seatfrog’s main customer base is from Europe and U.S while it looks to build a local presence. Seatfrog’s main partner is UK rail operator Virgin Trains.