Updated: Jul 3, 2019
Innovative Wireless Platform Poised to Disrupt Radar Innovation for Self-Driving Car Industry
New York, NY and Palo Alto, CA , Sept. 05, 2017 (GLOBE NEWSWIRE) -- Thyra Global Management, announced its investment in the Metawave seed round, announced earlier today. Lead investor in the successful round, Thyra Global is a private equity and venture capital firm with investments in real estate, technology and consumer markets.
Thyra’s technology investments have previously been focused on SaaS businesses (e.g. LaunchMetrics, Livestream, Virtru), but Metawave represents Thyra’s inaugural investment in its new Thyra Future Fund, early-stage investments in technologies that enable level four and five autonomy in transportation, and helping to create the next “mobility” internet.
“We’re thrilled to be working with Dennis and his talented team and have been grateful to receive their valuable direction since the very beginning. Thyra has been instrumental throughout the seed funding phase and enabling us to start hiring and building prototypes before the final closing of the round,” said Metawave’s CEO Dr. Maha Achour.
Metawave builds wireless technology platforms using engineered metamaterials and Artificial Intelligence (AI) to change existing wireless systems and communication infrastructures, initially for self-driving cars and 4G / 5G wireless communications. CEO, Dr. Maha Achour and CTO, Dr. Bernard Casse, proven leaders in the fields of wireless and metamaterials technologies, are leading the company, gaining strategic advice and direction from investors, including Dennis Paul, Thyra Global’s founder and managing member.
Dennis Paul said, “Metawave has an opportunity to change the way the auto industry thinks about radar, adding a smart radar solution using active, affordable metamaterials and AI, bringing the self driving car to the next level. Of course, the auto industry is an enormous market opportunity, but there are several additional applications for this innovative technology platform, including 4G and 5G. We look forward to working with their talented team to take advantage of these markets.”
About Thyra Global Management
An employee-owned investment manager, Thyra Global Management provides its services to private funds that are pooled investment vehicles. The firm manages hedge funds and private equity funds, and invests in public and private equity markets across the globe. The firm employs a combination of in-house and external research to make its investments. For private equity investments, it specializes in investing in early-stage companies, growth companies, and start-ups and prefers to have ten-year investment horizons. The firm typically invests in the technology, real estate, telecommunications, energy, and media sectors. Investing across the globe with a focus on the United States, Thyra Global was founded in September 2012 and is based in New York, NY. Visit www.thyraglobal.com.
Metawave is a wireless technology company that seeks to revolutionize the future of wireless communications and radar sensing. Leveraging adaptive metamaterials and AI, Metawave’s primary focus is to build intelligent beamsteering radars for autonomous driving. Changing the way automakers think about radar, Metawave is building high-performance radars capable of 3D imaging and vehicle-to-vehicle communication, making cars safer, smarter, and more connected. In parallel, Metawave is developing smart beamsteering antennas for 4G and 5G networks to provide faster networks and near-instant connectivity for billions of users. Metawave’s current flagship beamsteering technology platform was developed at PARC, a Xerox company. Founded in 2017, Metawave is located in PARC’s headquarters in Palo Alto, California, in the heart of Silicon Valley. Visit the Metawave website at www.metawave.co, follow us on Twitter @metawavecorp, on Facebook, or contact us at email@example.com.