LeddarTech, Inc., a Quebec City, Quebec, Canada-based provider of automotive-grade solid-state LiDARs, raised US$101 million (close to CA$130m) in Series C Financing.
The round was led by Osram with participation from Delphi, Magneti Marelli and Integrated Device Technology as strategic investors, as well as Fonds de solidarité FTQ.
The company intends to use the funds to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier-1 automotive customers for rapid market deployment.
Led by Charles Boulanger, CEO, LeddarTech develops Leddar, a patented solid-state LiDAR sensing technology that combines advanced light wave digital signal processing and software algorithms that enable the production of solid-state LiDARs.
LeddarTech’s sensors are used in multiple mobility-related markets including automotive, intelligent transport systems, drones, and industrial vehicles.