Luna Systems has secured $1.7 million in a recent funding round. The company specializes in developing computer vision Advanced Rider Assistance Systems (ARAS) features designed to enhance the safety of vulnerable road users, including scooter and two-wheel riders and cyclists. Their technology aims to provide a similar level of protection to these users as modern cars offer with radar, lidar, and computer vision systems.
The company's solutions span several mobility sectors. For consumer bikes, Luna Systems offers a phone and app system that transforms any smartphone into an AI rear-view mirror, providing a live stream of what is behind the rider and issuing visual and audio warnings for dangerously close vehicles. In the shared scooter market, Luna Systems pioneered the use of computer vision to help operators prevent sidewalk riding, avoid collisions, and ensure correct parking. They provide plug-and-play camera systems and software integration services to operators and major OEMs. Additionally, Luna Systems delivers computer vision ARAS systems for powered two-wheelers, notably in the Indian market through a partnership with Qualcomm Technologies.
This capital infusion marks a significant step for Luna Systems as it continues to advance its mission of rider safety. The $1.7 million in funding will be strategically deployed to accelerate product development across its various platforms and expand its market reach. The investment underscores confidence in Luna Systems' innovative approach to leveraging computer vision for sustainable and safer urban mobility.
With this new funding, Luna Systems is well-positioned to further innovate its safety technologies and scale its operations, aiming to make a substantial impact on rider safety globally and support the growth of sustainable transportation.
