Blickfeld, a Munich, Germany-based startup developing high performance and mass-producible LiDAR (Light Detection and Ranging) sensing technology, extened its Series A funding to $31m.
New Future Capital (NFC), a private equity firm that provides growth capital primarily in Asia, North America, and Europe, participated as a new investor, along with existing investors Bayern Kapital, Continental, Fluxunit – ams OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures, and UVC Partners.
The company intends to use the funds for expansion into new markets and further development of sensors and software.
Founded by Dr. Mathias Müller, Dr. sc. Florian Petit and Rolf Wojtech in 2017, Blickfeld develops and produces LiDAR (Light Detection and Ranging) sensors and perception software. The solutions provide high-resolution three-dimensional environmental information enabling countless applications, spanning from autonomous transportation and mobility, through to smart cities, industrial use, and security.
Since the last funding, Blickfeld has already taken significant steps forward in launching products to market, including the series production launch of its versatile 3D-LiDAR sensors, Cube 1 and Cube Range 1, for multiple industrial applications. Furthermore, the company executed multiple large-scale rollout projects, such as passenger flow detection at airports and volume measurement of bulk material in product warehouses.
In addition to the company’s current resellers in 13 countries, including Germany, Canada, China, and Japan, the new round will support the opening of offices in the US and Asia and therefore promote Blickfeld´s international presence. The new offices will be dedicated to expanding Blickfeld´s network of integrators, serving the growing demand in the US and Asia as key markets. Alongside growth into new markets, the number of employees will rise significantly with a focus on the sales team.
Early in 2022, Blickfeld will add to its product range with new perception software technology with features including object detection, classification, tracking, and counting. Fields of application for this new product include industry, smart traffic, security, unmanned aerial vehicles, and people analytics.
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