Metawave celebrates ‘Invest in Humanity’ at the Future Investment Initiative
Metawave Corporation, world leader in high-end sensing and perception for Terrestrial and Aerospace mobility, will be joining the Future Investment Initiative (FII) Institute “Invest in Humanity” celebration on its 5th anniversary, October 26-28, 2021, in Riyadh, Saudi Arabia.
The world is witnessing the realization of futuristic technologies from flying cars to autonomous vehicles, democratizing mobility across various transportation sectors and social classes. Metawave’s disruptive imaging radar technologies on the ground and in the air ensure safety on the ground and in the air, in severe weather conditions and over unpredictable terrains, including during vertical take-off and landing.
Armed with over 250 patent filings and 25 issued patents, Metawave has successfully transitioned the electronically steerable RADAR from large, bulky and expensive sensors developed for the Defense sector into low-cost sensors for automotive and aerial applications by reducing sizes to cell phone footprints and training its brain using its patented Machine Learning Neural Network algorithms.
FII Institute is a global non-profit foundation with an investment arm and one agenda: Impact on Humanity. Committed to Environmental, Social and Governance (ESG) principles, we foster the brightest minds and transform ideas into real-world solutions in five focus areas: AI and Robotics, Education, Healthcare and Sustainability. At its 5th Anniversary, FII is expected to see the announcement of a fresh round of agreements and investments, atop a total of US$125 billion in agreements that have been announced since the debut of FII in 2017.
Richard Attias, Executive Chairman, Richard Attias & Associates, said: “Metawave is not just a young tech comment with a bright future. It’s a game changer, which will reinvent the automotive and aerial ecosystem to the benefit of citizen. We are very happy at the Institute, to give more opportunities to Metawave to grow and succeed.”
Last summer, Metawave delivered the automotive industry’s first 76-81 GHz beamformer chip alpha samples and evaluation boards to MIRISE Technologies, the joint venture between DENSO and Toyota Motor Corporation (TMC), which launched last year to focus on next-generation in-vehicle semiconductors. Also, in early 2021 Metawave also demonstrated its proprietary artificial intelligence (AI) AWARE™ platform that enables SPEKTRA radars to perform real-time object classification and labelling for more efficient and faster Advanced Driver Assistance Systems (ADAS) processing with over 94% labelling accuracy.
Because of its machine-learning sensor fusion, the AWARE platform enables SPEKTRA radar to deliver accuracy in storms, darkness, and dense fog, even as vehicles travel at high speeds. SPEKTRA radar’s ability to detect and classify objects beyond 300 metres is due to its unique ability to focus its beams along a specific field of view (FoV) direction to reach faster frame rates when combined with virtual MIMO array techniques in the back-end.
“Delivering sensing and perception capabilities that surpass a human’s driving ability is critical to meet safety requirements in autonomous flying and ground cars” – Metawave CEO and founder, Maha Achour. “It is an honour and privilege to be leading a world class team to deliver the future in both mobility and 5G connectivity, and to share our success with the Future Investment Initiative audience.”