LeddarTech Raises $140 Million

Sensor technology company LeddarTech has secured $140 million in financing, which comprises a Series D first close of $116 million and debt facility of $24 million. The funds will accelerate development and commercialization of technology and will augment engineering resources to meet the needs of automotive customers actively engaged with the company for sensor fusion and perception sensing solutions.

LeddarTech’s offerings support applications in areas including autonomous mobility, automotive grade solid-state lidar, and environmental sensing.

FS Investors led the financing round with the participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams OSRAM, Desjardins Capital, UI Investissement, Cowen Investment II LLC, and other LeddarTech management. The debt facility was secured with Desjardins Group.

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Published: February 2022

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
lidar: Lidar, short for light detection and ranging, is a remote sensing technology that uses laser light to measure distances and generate precise, three-dimensional information about the shape and characteristics of objects and surfaces. Lidar systems typically consist of a laser scanner, a GPS receiver, and an inertial measurement unit (IMU), all integrated into a single system. Here is how lidar works: Laser emission: A laser emits laser pulses, often in the form of rapid and repetitive laser...

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