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Germany’s Blickfeld, a developer of high performance and mass-producible LiDAR sensing technology, has announced the extension of the company’s Series A funding to $31 million. New Future Capital (NFC), a private equity firm, has also joined as a new investor.
All existing investors participated in the round.
The Munich-based start-up plans further development of sensors and software which continue to revolutionize the reliable capturing and utilisation of 3D data.
The new funding will support the opening of offices in the U.S. and Asia and therefore promote Blickfeld’s international foothold.
The company recently announced it had partnered with the creative design agency, Genesis Design, to create a concept for the seamless integration of LiDAR sensors in cars, supporting the ongoing revolution in automated and autonomous driving.
Applications for this new product include industry, smart traffic, security, unmanned aerial vehicles, and people analytics.
The concept, which uses the Blickfeld Vision Mini sensor, will be revealed at CES 2022 in Las Vegas.
Dr. Mathias Müller, co-founder and CEO of Blickfeld, says: “The additional funding in this round of investment signals the continued confidence our investors hold in our vision to capture and analyze the world with a comprehensive solution. We are proud to say that our solutions are now being utilized by businesses and organizations across the globe! Now we are accelerating on our journey of internationalization and strive to further diversify our unique product range through this funding. Our new investor NFC´s strong network in Asia and the US will be of great value for Blickfeld to gain a firm foothold in the US and Asia quickly and substantially.”
Tiffany Luo, CEO at New Future Capital, adds: “We are delighted to be supporting Blickfeld during this exciting period of growth. The opportunities ahead for the business and its technology in providing groundbreaking new perspectives for major industries across the globe are inspiring. We look forward to bringing in our expertise and broad network in the US and Asia and being a part of the company’s successes as it enters new markets and continues to demonstrate its market potential.”
Founded in 2017 and based in Munich, Blickfeld provides cutting-edge LiDAR sensors and perception software, enabling countless mobility and IoT applications.
It is backed by Bayern Kapital, Continental, Fluxunit – ams OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures, and UVC Partners