Info
Info

Sense Photonics raises $26 million to advance depth sensing technology

News

Info

Sense Photonics, a company building the next generation of LiDAR and 3D
sensor solutions for autonomous vehicles, industrial equipment and other
applications, announced it they has closed a $26 million Series A
funding round. The round was co-led by Acadia Woods and Congruent
Ventures, with participation from a number of other investors, including
Prelude Ventures, Samsung Ventures, Shell Ventures, Hemi Ventures and
IPD Capital.

The company's cutting-edge, fully solid-state LiDAR system ushers in a new era of advanced 3D imaging technology designed from the ground up to meet the cost, performance and safety requirements for automotive and industrial applications. Based on a unique ‘flash' architecture, Sense Photonics' systems have no moving parts and do not scan at all. This approach enables high resolution across wide horizontal and vertical fields-of-view without compromising frame rate. In addition, the company's camera-inspired design is highly manufacturable and enables small, customizable form factors critical for seamless integration into vehicles.

“We are very appreciative of this strong vote of investor confidence in our team and our technology,” said Scott Burroughs, CEO, Sense Photonics. “The demand we've encountered - even while operating in stealth mode - has been extraordinary. We look forward to announcing our first products over the next few months and ramping up volume production.”

“Congruent is excited to work with Sense Photonics and its outstanding leadership team to help bring innovation to the autonomous vehicle and robotics space,” said Josh Posamentier, Managing Partner, Congruent Ventures. “The technology that the Sense Photonics team is working on is years ahead of the competition, and we think they are poised to disrupt multiple markets.”

Samsung Ventures invested in Sense Photonics based upon its opinion that Sense Photonics' proprietary laser and sensor technologies represent a significant innovation in fundamental LiDAR technology that could have an important impact on automotive and industrial 3D sensing in the future.

Sense Photonics' Series A funding will be used for continued development and commercialisation of its sensor technology and the transition to high volume manufacturing. The company is currently in early sales with select early-engagement partners in both the automotive and industrial markets and will announce general availability of its first commercial product later this year.


The Latest News, Brought To You By
Sense Photonics raises $26 million to advance depth sensing technology
Modified on Friday 14th June 2019
Find all articles related to:
Sense Photonics raises $26 million to advance depth sensing technology
TaaS Technology Magazine
Info
Groupe Renault Reveals Further Details Of Its Public Trial At The ‘Paris-Saclay Autonomous Lab’
All Electric Ebusco 3.0 With Up To 500 Km Range Revealed
ACEA Urges EU To Build Up Hydrogen Infrastructure
Panasonic Develops Driverless Automated Valet Parking System And A Large Screen AR-HUD
Porsche Adds The Taycan 4S To Its Electric Portfolio
Groupe Renault, Waymo And The Paris Region To Set Up An Autonomous Mobility Service
CATL And VWCO Collaborate To Accelerate Commercial Vehicle Electrification
Morris Commercial To Unveil The All-electric Morris JE
BYD ADL Enviro200EV Hit The Road At Go-Ahead London
Polestar 2 Driving Experience Is Developed All Over The World
Cummins Names Amy Adams VP Of Fuel Cell & Hydrogen Technologies
DeepRoute To Begin Testing Self-Driving Vehicles In California
Nova Bus Introduces The LFSe+, A New Long-range Electric Bus With Dual Charging Options
Continental And 3M Partner To Further Develop Infrastructure-to-vehicle (I2V) Interfaces
Einride Raises $25 Million Series A To Accelerate Development Of Its Autonomous, Electric Transport System
Heliox To Showcase SprintCharge At Busworld
Leading The Charge – Rightcharge Launches For Electric Car Drivers
Maruti Suzuki Collaborates With Five Startups Under Its MAIL (Mobility & Automobile Innovation Lab) Programme
BYD Launches Its First Electric Bus For Pilot Operation In Costa Rica
PowerCell Receives New Follow-up Order For PowerCell S3 Fuel Cell Stacks From A Global OEM
Unity One Pure EV Price In The UK Revealed
Silent Power Developing Electric Vans To Replace Diesel Generators During Power Cuts
Electrify America Celebrates Opening Of Albany Charging Station
MOBI Announces A Joint Proof Of Concept For The First Vehicle Identity On Blockchain
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}