Lidar start-up, Blickfeld has increased its seed funding from US$4.3m to $10m.
All existing investors: Fluxunit; OSRAM Ventures; High-Tech Gründerfonds; Tengelmann Ventures and Unternehmertum Venture Capital Partners participated in the round.
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The new financial resources will be used for first series production and to strengthen the team.
The solid-state sensor developed by Blickfeld provides high-resolution, three-dimensional environmental data and is used in autonomous driving, robotics and for the Internet of Things.
“We have made very good progress with our Lidar technology in recent months,” said Blickfeld co-founder and CEO, Mathias Müller.
“High international demand confirms the efficiency of the Blickfeld solution. The expansion in seed financing will enable us to bring our first series product to market even faster.”
Founded in 2017 by Müller, Florian Petit and Rolf Wojtech, the start-up has grown in recent months with the Blickfeld team now numbering more than 35 employees.
The company plans on hiring additional engineers, automotive experts and computer scientists in the upcoming months, as well as expanding its business-development, marketing and sales teams.
