$0.656
-0.010 (-1.52%)At close
ARBE News
ARBE Events
Arbe Robotics Appoints Assaf Pereg as New CFO
Arbe Robotics announced the appointment of Assaf Pereg, CPA, as the incoming CFO, effective August 30. Pereg succeeds Karine Pinto-Flomenboim, who will be departing the company. Assaf Pereg brings close to two decades of financial leadership experience with both public and private technology companies in Israel and internationally. He joins Arbe from Ibex Medical Analytics Ltd, where he served as SVP Finance.
Q2 Revenue Reaches $0.70M, Kobi Marenko Comments on Strong Performance
Reports Q2 revenue $0.70M vs. $0.27M last year. President Kobi Marenko commented, "We are pleased with our performance in the second quarter, making solid progress. In automotive, our radar systems are now installed in robotaxi vehicles that have begun on-road trials. In defense and homeland security, we have started delivering systems that have been successfully field-tested. We see strong demand, with customers and potential customers requiring our radar solutions for immediate needs." CEO Ram Machness commented, "Our strategy of diversifying sales into new markets with immediate needs and shorter sales cycles is paying off, reflected in a clear revenue growth trend. Growth in the quarter came from our expanding customer base across automotive, defense, and civilian programs. We believe that these sales are evidence that our transition from a chipset supplier to a complete radar technology provider is opening up new and diversified markets for us with revenue potential in both the short and long-term."
Arbe Robotics Collaborates with VirtuRail to Enhance Tunnel Safety
Arbe Robotics announced that its tier-1, Sensrad, has announced that it is collaborating with VirtuRail to strengthen tunnel safety with 4D Imaging Radar. VirtuRail develops Automated Service Vehicles, or ASV, - rail-less, ADAS-supported transport systems designed to automate logistics in underground construction projects. Sensrad said that VirtuRail will add 4D Imaging Radar to its advanced driver assistance system, which currently relies primarily on cameras and LiDAR sensors, adding a layer of robustness in situations where optical sensors alone may be challenged. According to Sensrad's announcement, Sensrad's 4D imaging radar, which is based on Arbe's chipset, was chosen by VirtuRail for its high performance in low visibility conditions, where vision is often challenged. Tunnels can often be filled with smoke, dust, darkness, and other complex environmental conditions that can impact camera and LiDAR perception, while radar continues to provide reliable environmental awareness in these conditions.
Arbe Robotics Selected by Global Defense Integrator for Radar Technology
Arbe Robotics announced that its radar technology has been selected by a leading global defense and homeland security system integrator for several civilian and defense programs. Under a newly signed framework collaboration agreement, Arbe will supply radar systems for three projects developed by the integrator, with cooperation expected to expand to additional initiatives. The selection followed the integrator's ongoing evaluation of various advanced radar and sensing technologies to support complex operational environments and extend system-level capabilities. Based on this evaluation, the integrator found that Arbe's high-resolution radar technology was suitable for multiple applications, and selected Arbe as its exclusive radar provider for the projects covered by the agreement. The agreement advances Arbe's role as a supplier of complete radar systems, beyond its core chipset offering, in demanding environments outside the automotive sector, including defense, homeland security, and infrastructure-related domains. Following the signing of the agreement, the integrator placed initial orders for Arbe's radar systems, with the first deliveries already completed, and additional orders anticipated during 2026 and 2027.
Valens Semiconductor Appoints Karine Pinto-Flomenboim as CFO
Valens Semiconductor (VLN) announced the appointment of Karine Pinto-Flomenboim as CFO, effective August 9. Karine will succeed Guy Nathanzon, who is stepping down from the role. Nathanzon will step down from his role on July 13, while Karine's appointment will become effective on August 9. During the transition period, Yael Rozenberg, Valens's VP finance, will serve as interim CFO. Prior to joining Valens, Pinto-Flomenboim served as CFO of Arbe Robotics (ARBE).
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.