Blickfeld, a Munich, Germany-based LiDAR startup, completed its Series A financing round of undisclosed amount.
The round was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with participation of the existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, TEV (Tengelmann Ventures) and Unternehmertum Venture Capital Partners.
The company intends to use the funds to ramp up production, qualify its LiDAR sensors for the automotive market and strengthen the application development and sales teams for industrial markets.
Founded by Dr. Mathias Müller, Dr. sc. Florian Petit and Rolf Wojtech, Blickfeld develops and produces LiDAR (Light Detection and Ranging) sensors and software for environmental detection. The solid-state sensor developed by the company delivers high-resolution, three-dimensional environmental data and stands out due to its high performance even in adverse environmental conditions and its small size. Blickfeld’s patented technology is particularly advantageous in terms of its industrialization capability and enables highly automated production of the devices, allowing the company to meet the needs of the automotive mass market. The sensors are used in autonomous driving as well as in smart cities, industrial applications and security solutions.
The company has a team of now over 100 people.