German LiDAR Company Blickfeld Completes Series A Funding With Participation of Continental and Wachstumsfonds Bayer

Blickfeld, the German LiDAR start-up Blickfeld based in Munich, announced that it has completed Series A financing round. The new financing was led by the venture capital unit of Continental together with Wachstumsfonds Bayern with participation of the existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, TEV (Tengelmann Ventures) and Unternehmertum Venture Capital Partners.

With the new financial resources, Blickfeld will them to ramp up production, qualify its LiDAR sensors for the automotive market and strengthen the application development and sales teams for industrial markets.

Established in 2017, Blickfeld focuses on LiDAR sensors and perception software development. The company launched a MEMS-based LiDAR in September 2019 and won CES 2020 Innovation Awards with the product of Blickfeld Cube.

According to Blickfeld, its solid-state sensor delivers high-resolution, 3D environmental data and stands out due to its high performance even in adverse environmental conditions.

The series A funding enables Blickfeld to ramp up production. “The safety of autonomous vehicles is based on LiDAR sensor technology. We see Blickfeld in a unique position here, as our technology stands out due to its mass market capability,” said Blickfeld co-founder Florian Petit. “But the mobility sector is not the only area of application for our LiDAR sensors and recognition software: Numerous other successful customer projects in logistics, smart cities or the security sector confirm our approach, as does the financial commitment of the venture capital unit of Continental, Bayern Kapital and our previous investors. We are now looking forward to taking the next steps into series production.

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