Smart Radar System is a technology company.
Smart Radar System has raised $4.0M across 1 funding round.
Smart Radar System has raised $4.0M in total across 1 funding round.
Smart Radar System has raised $4.0M in total across 1 funding round.
Smart Radar System's investors include ff Venture Capital, Hemi Ventures, QBE Ventures.
Smart Radar System (SRS) is a South Korean technology company founded in 2017 that develops advanced 4D imaging radar solutions using off-the-shelf radar chips, unique antenna designs, and proprietary software.[1][5] It builds products like the RETINA series and Smart Guard IRIS for applications in automotive (autonomous driving), defense, industrial automation (factory robotics), smart cities, healthcare, and public safety, serving global customers including automotive manufacturers, urban developers, and DoD/DoE via its 2024 U.S. subsidiary.[1][2][3] SRS solves critical problems in environmental sensing—detecting distance, speed, direction, and height in adverse weather/lighting—enhancing safety and efficiency, with strong growth marked by a successful August 2023 IPO and established international clients.[1][2]
Smart Radar System was founded in October 2017 in Seongnam-si, South Korea, by a team leveraging expertise in radar vision technology.[1][3][4] Headquartered at Fine Digital Park in Bundang-gu with a U.S. office in Irvine, California (established 2024 for DoD/DoE focus), the company emerged amid rising demand for reliable sensing in autonomous systems.[1][2] Early traction came from innovative 4D radar modules for automotive and industrial uses, leading to global customers across industries; a pivotal moment was its August 2023 IPO, solidifying its market position and expansion ambitions.[1]
SRS rides the autonomous mobility and smart infrastructure wave, where 4D radar addresses LiDAR's weather vulnerabilities and camera limitations, enabling safer ADAS, AVs, and Industry 4.0 automation.[2][3][5] Timing aligns with global AV adoption (e.g., Level 3+ autonomy) and smart city investments, amplified by post-IPO scaling and U.S. expansion amid U.S.-Korea tech alliances.[1] Market tailwinds include regulatory pushes for vehicle safety and drone proliferation; SRS influences the ecosystem by setting sub-1° resolution benchmarks, competing with players like Vayyar and Zadar while democratizing high-res radar for non-automotive uses.[3][5]
SRS is poised for accelerated growth through defense contracts, AV partnerships, and industrial expansions, potentially capturing leadership in the $10B+ 4D radar market as AI integration matures.[1][2] Trends like software-defined radars and edge AI will amplify its edge, with U.S. DoD/DoE focus mitigating geopolitical risks. Its influence may evolve from niche innovator to ecosystem enabler, powering safer autonomous worlds—echoing its mission to "see the unseen" and make the world safer.[5]
Smart Radar System has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Series A in October 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2019 | $4.0M Series A | ff Venture Capital, Hemi Ventures, QBE Ventures |