TriLumina Corp., an Albuquerque, New Mexico-based illumination solution for automotive laser radar (LiDAR) and sensing platforms, closed an $8.5m Series A funding.
Backers included Stage 1 Ventures, Cottonwood Technology Fund and Sun Mountain Capital. In conjunction with the funding, Stage 1 Ventures’ Managing Director David Baum will join TriLumina’s board of directors.
The company intends to use the funds to support active and future customer integration projects, ramp revenue, and accelerate its development and commercialization of smart illumination technology for consumer products and automotive applications (driver monitoring).
Led by Kirk Otis, President, TriLumina is a semiconductor laser technology company which develops, manufactures and integrates semiconductor laser solutions that enable the production of 100% solid-state, high-resolution LiDAR for 3D sensing around vehicles, accelerating the automotive market’s move into semi-autonomous and autonomous operation.
The company is targeting multiple applications in the Advance Driver Assistance System (ADAS), connected car, as well as, gesture control and depth sensing for the industrial robotics and consumer electronics markets.
FinSMEs
04/03/2015