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Lidar Startup Blickfeld Raises $8.2M in Financing

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MUNICH, Dec. 22, 2023 — 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.
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Published: December 2023
Glossary
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...
BusinessfundinglidarSensors & Detectorsseed roundinitial growth financingBlickfeldEuropegrowthsalesQb2PerceptintegratedSoftwareNew Future CapitalUVC Partners

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