Inflexor Ventures, an early-stage technology-focused venture capital fund, has reportedly invested in Steradian Semiconductors to support the development of its 4D imaging radar solutions for autonomous vehicles (AVs).

Financial details of the investment have not been disclosed.

Indian news agency Press Trust of India (PTI) reported that the investment will be used by Steradian to fast-track its product development, as well as scale its business up in global markets.

Inflexor Ventures managing partner Venkat Vallabhaneni was quoted by PTI as saying: “As the world moves towards higher levels of automation, we see their technology play a vital role in the automotive industry.

“With our focus on backing companies with deep tech and technology IP that can scale globally from India, we feel Steradian is poised for its next stage of growth and we are excited to partner with them.”

Established in 2016, Steradian has been engaged in the development of ultra-high-resolution 4D imaging using radar technology to sense vehicle surroundings and detect velocity.

By integrating with its artificial intelligence (AI)-based algorithms, Steradian developed image-like optical sensors.

The sensors can be used in a fully autonomous vehicle as it has various driver assistance features.

In addition, the company is said to have developed solutions for traffic monitoring and smart city projects.

Steradian Semiconductors co-founder and CEO Gireesh Rajendran was quoted by PTI as saying: “Steradian has opened a new world of safe autonomous driving systems with its innovative and commercially viable radar solution.

“Our customers and commercial partners have validated the solution on-field in trials and endorsed the capability of our high-resolution imaging radar technology.”