Lidar Startup Blickfeld Raises $8.2M in Financing

Lidar technology company Blickfeld has secured €7.5 million ($8.2 million) in initial growth financing. The company plans to use the funds to fuel sales dynamics and enhance its market position in Europe, North America, and China. Blickfeld said it will focus on intensified marketing and sales activities, as well as investments in R&D.

Blickfeld’s lidar sensors capture real-time 3D data analyzed by its proprietary Percept software to provide actionable insights. Its Qb2 lidar sensor, the company said, is the first industrial smart lidar sensor featuring fully integrated perception software within its ultra-compact design. Currently, Blickfeld said, it is seeing the most growth in volume monitoring of bulk goods, including in the agriculture, waste management, aerospace, and infrastructure monitoring sectors.

The round was led by private equity firm New Future Capital and UVC Partners, and joined by existing capital providers Bayern Kapital, Continental, Fluxunit — ams OSRAM Ventures, High-Tech Gründerfonds, and Tengelmann Ventures.