The Kensington Private Equity Fund is pleased to announce an investment of USD$3 million in Echodyne Corp. (“Echodyne”), the makers of revolutionary, compact, solid-state, beam-steering radar sensors designed for various applications for industry and government. The investment was made as a co-investment with portfolio fund company, Vanedge Capital. Echodyne is also backed by Madrona Ventures, New Enterprise Associates (NEA), Intellectual Ventures (IV), Vulcan Capital, and In-Q-Tel.
In 2014, Echodyne was founded by Eben Frankenberg and Dr. Tom Driscoll. Eben has extensive operating and sales experience while Dr. Tom Driscoll was an original inventor of the metamaterial technology Echodyne’s products are built upon. The company has constructed a strong executive team, with 90 employees in total.
Echodyne’s radar systems are built around its proprietary Metamaterial Electronically Scanning Array (MESA) technology. It combines their patented metamaterials technology with their powerful Acuity software to create a radar sensor with unprecedented performance at commercial price points.
Echodyne’s suite of products includes EchoDrive, a first-of-its-kind cognitive radar sensor for autonomous vehicles, EchoGuard, a 3D security radar for a multilayered perimeter defense solution and, EchoFlight, a superior airborne radar that offers long-range, all-weather detection and tracking. All of Echodyne’s products work in all weather conditions and are designed for autonomous vehicles, unmanned aircraft and drones, border security, critical infrastructure protection, and smart cities.
We are excited to be a part of this revolutionary technology and welcome them to the Kensington portfolio.