SEBI registered early stage technology-focused VC fund, Inflexor Technology Fund on Wednesday announced its first investment in a deep tech startup Steradian Semiconductors that is developing 4D imaging radar solutions for Autonomous Vehicles with their patented and proprietary IP.
Steradian Semiconductors was founded in 2016 by Gireesh Rajendran, Ashish Lachhwani, Apu Sivadas, Rakesh Kumar and Alok Joshi. It develops high-resolution 4D imaging radar solution which can be deployed in automobiles as well as for traffic monitoring.
Venkat Vallabhaneni, Managing Partner, Inflexor Ventures said, “Steradian team comes with experience in building and scaling technology products with global companies. 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.”
Gireesh Rajendran, Co-founder and CEO at Steradian Semiconductors Pvt Ltd said, “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. We are also excited to partner with Inflexor which shares our vision and will bring lot of experience and value add to us.”
This investment will be used by Steradian Semiconductors to accelerate product development and scale up in the global markets.