AEye Raises $40M Series B

Dec 05, 2018

A little over a two years ago, we met a small team in Silicon Valley building an advanced military targeting system which we believed would become essential to the evolution of autonomous vehicles. R7 Partners was the first venture firm to see their potential, jump in and ultimately bring our friends at Kleiner Perkins into the Series A round, which you can read about here.

AEye has since developed a breakthrough robotic vision system that will serve as the eyes and brains of autonomous vehicles, and recently announced its significantly overcommitted $40M Series B led by Taiwania Capital. R7 participated in this latest round, along with Kleiner Perkins, Intel Capital, Airbus, and multiple global automotive OEMs, Tier 1s, and Tier 2s to be formally announced at CES in January.

We’re privileged to be one of the earliest investors in AEye, a company that is now leading the autonomous revolution.

You can read more about the round here.