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Echodyne Announces $29 Million Funding

Echodyne Announces  Million Funding

Credit: echodyne.com

Advanced materials startup Echodyne announced the close of $29 million in Series B financing. Seven investors contributed to the round, among them New Enterprise Associates, Madrona Venture Group, Vulcan Capital, Lux Capital, and The Kresge Foundation.

Echodyne Corp is a privately held company founded in 2014 that aims to bring to market metamaterials-based radar products.

The company revealed that it will use its new investment to focus on extending its technology and scaling production.

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