LiDAR Start-Up Blickfeld Closes Series A Financing Round With
LiDAR Start-Up Blickfeld Closes Series A Financing Round With Participation of Continental and Wachstumsfonds Bayern
MUNICH — (BUSINESS WIRE) — March 20, 2020 — Munich-based LiDAR start-up Blickfeld has completed its Series A financing round. The new financing 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. Blickfeld will use the new financial resources to ramp up production, qualify its LiDAR sensors for the automotive market and strengthen the application development and sales teams for industrial markets.
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Blickfeld Founders fltr: Florian Petit, Mathias Mueller, Rolf Wojtech (Photo: Business Wire)
Blickfeld develops and produces LiDAR (Light Detection and Ranging) sensors and software for environmental detection. The solid-state sensor developed by Blickfeld 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...