Munich-based Blickfeld, a LiDAR solutions manufacturer, announced that it has secured €7.5M in an initial growth round of funding.
The investment, led by private equity firm New Future Capital and UVC Partners, includes participation from existing investors such as Bayern Kapital, Continental, Fluxunit (ams OSRAM Ventures), High-Tech Gründerfonds, and Tengelmann Ventures.
Andreas Unseld, General Partner of UVC Partners says, “LiDAR has been very challenging – in terms of technology but also of market fit. Most companies founded in the LiDAR space have not been able to face both of these aspects.”
“Blickfeld has solved these challenges perfectly and is looking into a bright future because they can now address a wide variety of applications with a fully industrialised, high-performance, and low-cost full-stack solution, including hardware and software in a device not much bigger than the palm of a hand.”
Capital utilisation
According to Blickfeld, investors are backing the company with additional funds due to its recent high growth and sales achievements.
The proceeds will help accelerate Blickfeld’s sales, double revenue in the coming years, and strengthen its market position with its smart LiDAR products in Europe, North America, and China.
The funding will also be used for increased marketing, sales efforts, and further development of LiDAR technology for specific industries.
Innovator in LiDAR technology
Founded in 2017 by Mathias Müller, Florian Petit and Rolf Wojtech, Blickfeld is a provider of LiDAR technology. It specialises in offering solutions that integrate both hardware and software for the analysis, optimisation, and automation of various applications worldwide.
Blickfeld’s LiDAR sensors, notably the Qb2 model, provide real-time 3D data transformed into actionable insights by the proprietary software “Percept”. Qb2, the first industrial smart LiDAR sensor with integrated perception software, is in mass production.
Blickfeld claims to have experienced growth in bulk goods volume monitoring, with companies like Levenseat and EEW Energy from Waste GmbH adopting their solutions. It is also expanding in security applications, with critical infrastructure operators, including airports and power stations, choosing Blickfeld LiDAR for reliable intrusion detection.
Founder Müller says, “Our investors’ recurrent commitment is a sign of trust in our unique solutions and our ability to develop and fulfil an international demand.”
“We are confident that our cutting-edge LiDAR technology will establish itself soon as an indispensable standard in numerous industries and applications. It’s good to know that we have our investors as strong partners by our side!”
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