Arbe Robotics Ltd

Arbe Robotics is broadening from a pure-play automotive chipset company to a supplier of complete radar solutions, president and co-founder Kobi Marenko reiterated on May 28. The announcement follows first-quarter results in which revenues rose to $0.5 million from $0.04 million a year earlier, the backlog reached $1 million, and the net loss shrank to $9.4 million from $13.8 million. During the quarter the company received additional orders from global robotaxi players for L4 autonomy with 360-degree sensing and began shipping chipsets to Hirain for a high-resolution 48×48 imaging radar project, with Hirain also expected to expand Arbe's reach in China through a new 24×12-channel radar platform.