Paris-based Outsight, a company that develops LiDAR-based (Light Detection and Ranging) 3D software solutions, announced on Thursday that it has raised $22M (approximately €22.50M) in a fresh round of funding.
Outsight says it will use the funds to support the company’s expansion, its ambitious product roadmap that includes Edge and Cloud Processing, and strengthen its strategic position as the leading Software Pure Player.
Investors in this round
The round was co-led by Energy Innovation Capital (EIC) and the Defense Innovation Fund managed by Bpifrance, alongside Groupe ADP and historical investors BNP Paribas, SPDG, Demeter, Safran, and Faurecia.
Christopher Smith, MD at EIC, says, “The opportunity for 3D spatial intelligence and autonomy, beyond autonomous vehicles, is massive and untapped. Outsight’s technically elegant solution unlocks the power of LiDAR for mass adoption by solving complex, raw data problems and providing valuable insights across a broad range of applications. We are very excited to partner with the Outsight team to accelerate expansion in the US and global markets.”