Sense Photonics, a company building the next generation of LiDAR and 3D sensor solutions for autonomous vehicles, industrial equipment and other applications, closed a $26m Series A funding round.
The round was co-led by Acadia Woods and Congruent Ventures, with participation from a number of other investors, including Prelude Ventures, Samsung Ventures, Shell Ventures, Hemi Ventures and IPD Capital.
The company intends to use the funds for continued development and commercialization of its sensor technology and the transition to high volume manufacturing.
Led by Scott Burroughs, CEO, Sense Photonics is building the next generation of LiDAR and 3D sensor solutions for autonomous vehicles, industrial robotics, material handling, activity monitoring and many other applications. Its core technology – protected by over 200 patents – enables a high-performance, solid state solution with no moving parts that can meet the rigorous performance, reliability and cost requirements for automotive and industrial applications.
The company, which has offices in Research Triangle Park, NC, Silicon Valley, CA and Edinburgh, UK, is currently in early sales with select early-engagement partners in both the automotive and industrial markets and will announce general availability of its first commercial product later this year.
FinSMEs
13/06/2019