Vsquared Ventures
Assembly Line
Xavveo raises €8M in Seed funding to make autonomous driving safe
Berlin-based Xavveo, a startup focused on advancing autonomous vehicle sensor technology, announced that it has secured $8.6M (approximately €8M) in a seed funding round. The round was co-led by Vsquared Ventures and imec.xpand, two funds specialised in deep tech.
The German startup will use the funds to develop its distributed Photonic Radar system, expand the engineering team, and support key partnerships with automakers and technology integrators. The company’s Photonic Radar uses advanced Silicon Photonics technology to place RADAR sensors around the vehicle. This setup delivers a very accurate angular resolution <0.1°.
Led by the founders of Sicoya –Dr. Sven Otte, Dr. Stefan Meister, and a key industry veteran from Intel, Dr. Ulrich Keil, Xavveo focuses on revolutionising the autonomous vehicle and other industries through its proprietary distributed photonic radar system.