Blickfeld scores $4.25 seed round to let autonomous vehicles 'see'
Blickfeld, a Munich-based startup developing a low-cost light detection and ranging (LiDAR) system to let autonomous vehicles “see,” has raised $4.25 million in seed funding.
The round was led by Fluxunit (the corporate venture arm of lighting company Osram), High-Tech Gründerfonds, Tengelmann Ventures, and Unternehmertum Venture Capital Partners, and will be used to speed up development of the company’s technology, including hiring more engineers. It should also see Blickfeld enter the first trials with automotive OEMs in early 2018.
In the automotive industry, LiDAR is considered one of the decisive technologies needed to make autonomous driving a reality, effectively acting as a car’s eyes, enabling it to see and understand the world. The tech is also used in autonomous robots and drones.