Blickfeld, a Munich, Germany-based developer of a light detection and ranging (LiDAR) technology based on commercial off-the-shelf and silicon components, raised $4.25m in seed financing.
The round was led by Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures and Unternehmertum Venture Capital Partners.
LiDAR is considered one of the decisive technologies towards autonomous driving. Founded in 2016 by Florian Petit, Blickfeld develops LiDAR systems by using proprietary technology that creates high-definition, three-dimensional geometric maps.
The company will use the funds to bring high-performance automotive LiDAR systems to the mass market.