Germany-based Blickfeld, a tech startup providing LiDAR (Light Detection and Ranging) sensors and software for autonomous vehicles and IoT applications, raised USD 31 million on 8th December 2021.
Investors: The investment round was led by New Future Capital (NFC), a private equity investment firm focusing on Asia, North America, and Europe. The round was backed by existing investors, including Bayern Kapital, Continental, Fluxunit – ams OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures, and UVC Partners.
Purpose of funding: The funds will be used for significant growth and expansion into new markets. The initiative will also support Blickfeld’s development into the US and Asia, strengthening its international presence. Taking advantage of the growing demand in the US and Asia, the new office will expand the network of integrators, enabling customers in all parts of the world to use the products. Additionally, the sales team will grow significantly, focusing on expanding into new markets.
About Blickfeld
Founded in 2017 by Florian Petit, Mathias Muller, and Rolf Wojtech, Blickfeld is located in Munich, Germany. Blickfeld is a tech startup providing LiDAR (Light Detection and Ranging) sensors and detection software for autonomous vehicles and IoT applications. LiDAR sensors provide the capability of capturing three-dimensional data in high resolution, which provides the foundation for countless groundbreaking applications. Several industries can benefit from it, including autonomous transportation, smart cities, industrial use, and security. Thus, the startup has successfully implemented several large-scale projects, including detecting passenger flows at airports and measuring bulk materials in warehouses.
What the founder has to say
“The additional funding in this round of investment signals the continued confidence our investors hold in our vision to capture and analyse the world with a comprehensive solution. We are proud to say that our solutions are now being utilised by businesses and organisations across the globe! Now we are accelerating on our journey of internationalisation and strive to further diversify our unique product range through this funding. Our new investor NFC’s strong network in Asia and the US will be of great value for Blickfeld to gain a firm foothold in the US and Asia quickly and substantially,” said Dr. Mathias Müller, co-founder and CEO at Blickfeld.
What the investors have to say
“As a long-term partner, we have been supporting Blickfeld from the beginning. Combining their proprietary MEMS technology with our industry leading 905 nm Edge Emitting Laser components, Blickfeld’s sensors show the capabilities of scanning LiDAR technology in real-world use cases and in industrial scale. We are looking forward to accompanying their growth path in the future,” said Jörg Strauß, Senior Vice President & General Manager Business Line Visualization & Laser at ams OSRAM.
“We are delighted to be supporting Blickfeld during this exciting period of growth. The opportunities ahead for the business and its technology in providing groundbreaking new perspectives for major industries across the globe are inspiring. We look forward to bringing in our expertise and broad network in the US and Asia and being a part of the company’s successes as it enters new markets and continues to demonstrate its market potential,” said Tiffany Luo, CEO at New Future Capital shares.
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