News Summary

• Boston-based startup Teradar has raised $150 million in funding.
• The company is developing a high-resolution lidar sensor for cars.
• It sees the world using the terahertz band of the electromagnetic spectrum, which sits between microwaves and infrared.
• The near-term goal is for automakers to use its sensors to power advanced driver assistance and even self-driving systems.
• The price will fall somewhere between a radar and a lidar, and Carey said it will be a few hundred dollars.