German lidar startup Blickfeld has completed its series A funding for development and production of its sensors.
The financing was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, with the participation of existing investors Fluxunit and Unternehmertum Venture Capital Partners.
The solid-state sensor developed by Munich-based Blickfeld delivers high-resolution, three-dimensional environmental data and can perform in adverse conditions.
Blickfeld says its patented technology enables highly automated production of devices so it can meet the needs of the automotive mass market.
The sensors are used in automated driving and in smart cities, industrial applications and security products.
Florian Petit, co-founder of Blickfeld, said, “The safety of autonomous vehicles is based on lidar sensor technology. We see Blickfeld in a unique position here, as our technology stands out due to its mass market capability.”
Petit added, “But the mobility sector is not the only area of application for our lidar sensors and recognition software: Numerous other successful customer projects in logistics, smart cities or the security sector confirm our approach, as does the financial commitment of the venture capital unit of Continental, Bayern Kapital and our previous investors. We are now looking forward to taking the next steps into series production.”
Nils Berkemeyer, venture capital manager at Continental, said, “What truly sets the company apart is the advanced technological maturity, which the team has achieved in an extremely short amount of time. Supported by a strong syndicate of venture capital investors and industry experts, Blickfeld now is in prime position to establish itself as a key player in future sensing technology.”