Lidar technology developer Sense Photonics has emerged from stealth with $26m in series A funding from investors co-led by the UC-backed Congruent Ventures.
Sense Photonics, a US-based developer of lidar technology that offers an ultra-wide field of view, has emerged from stealth with a $26m series A round co-led by Congruent Ventures, the VC firm backed by University of California, TechCrunch reported yesterday.
VC firm Acadia Woods co-led the round, which also featured Samsung Ventures and Shell Ventures, respective corporate venturing units for conglomerate Samsung and oil and gas company Shell, as well as venture capital firm Prelude Ventures.
Venture capital firm Hemi Ventures and private equity and VC sponsor IPD Capital also contributed to the round.
Founded in 2016, Sense Photonics has developed lidar technology for autonomous vehicles that analyses surroundings by flashing light at it and using a sensor to detect obstacles.
The technology is expected to provide an ultra-wide field of vision and be easier to install. Rival offerings typically require scanning the car’s environment…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
