Blickfeld, a Munich, Germany-based LiDAR startup, raised $5.7m and closed its seed funding at $10m.
Backers included all existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures, and Unternehmertum Venture Capital Partners.
The company intends to use the funds to produce its first and to further strengthen the team hiring additional engineers, automotive experts and computer scientists in the upcoming months, as well as expanding its business-development, marketing and sales teams.
Founded in 2017 by Dr. Mathias Müller, Dr. Florian Petit and Rolf Wojtech, Blickfeld develops and produces LiDAR (Light Detection and Ranging) sensors for environmental detection. The solid-state sensor developed by the company provides high-resolution, three-dimensional environmental data and is used in autonomous driving, in robotics and for the Internet of Things.
Today, the Blickfeld team already numbers more than 35 employees.